Filed March 7, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Service code 16 · EIN 20-8874282 | Consulting | $56,250 |
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $53,293 |
Service code 37 · EIN 04-2647786 | Loan Processing | $10,774 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $57,349 | $144,879-60.4% | $111,319-48.5% | $93,010-38.3% |
| Participation rate | 83.6% | 86.1%-2.5pp | 77.3%+6.3pp | 73.9%+9.7pp |
| Annual return | 41.42% | 18.11%+23.3pp | 54.68%-13.3pp | 158.70%-117.3pp |
| Employer contribution / active EE | $788 | $3,052-74.2% | $2,732-71.2% | $2,705-70.9% |
| Participant deferral / active EE | $11,240 | $5,576+101.6% | $4,488+150.5% | $4,561+146.4% |
| Admin fee / account holder | $23 | $104-77.4% | $7,966-99.7% | $152-84.6% |