Filed April 24, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $2,292 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $95,330 | $70,667+34.9% | $123,105-22.6% | $52,331+82.2% |
| Participation rate | 97.6% | 83.7%+13.9pp | 86.8%+10.8pp | 68.1%+29.5pp |
| Annual return | -0.59% | 6.23%-6.8pp | 13.22%-13.8pp | 4.54%-5.1pp |
| Employer contribution / active EE | $2,217 | $2,946-24.7% | $5,151-57.0% | $1,882+17.8% |
| Participant deferral / active EE | $5,649 | $4,493+25.8% | $6,229-9.3% | $3,022+86.9% |
| Admin fee / account holder | $315 | $506-37.9% | $9,014-96.5% | $592-46.8% |