Filed April 24, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $76,172 |
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 | $94,756 | $79,523+19.2% | $140,019-32.3% | $56,289+68.3% |
| Participation rate | 100.0% | 85.7%+14.3pp | 87.5%+12.5pp | 69.9%+30.1pp |
| Annual return | -6.19% | 2.39%-8.6pp | 651.17%-657.4pp | -9.96%+3.8pp |
| Employer contribution / active EE | $2,722 | $3,350-18.8% | $5,605-51.4% | $2,111+28.9% |
| Participant deferral / active EE | $6,336 | $5,129+23.5% | $6,927-8.5% | $3,350+89.1% |
| Admin fee / account holder | $346 | $614-43.7% | $10,705-96.8% | $521-33.6% |