Filed March 7, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $144,269 |
Service code 37 · EIN 04-2647786 | Loan Processing | $4,750 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $51,486 | $176,471-70.8% | $95,968-46.4% | $90,274-43.0% |
| Participation rate | 76.2% | 86.6%-10.4pp | 77.1%-0.9pp | 73.4%+2.8pp |
| Annual return | 41.69% | 20.15%+21.5pp | 91.65%-50.0pp | 53.97%-12.3pp |
| Employer contribution / active EE | $0 | $2,783-100.0% | $2,542-100.0% | $2,523-100.0% |
| Participant deferral / active EE | $9,922 | $5,325+86.3% | $4,167+138.1% | $4,231+134.5% |
| Admin fee / account holder | $3 | $154-98.3% | $6,798-100.0% | $114-97.8% |