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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS LLC Service code 26 · EIN 34-1542819 17 SQUADRON BOULEVARD · NEW CITY, TN 10956 | Advisory (Participants) | $2,262 |
Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 14201 | Recordkeeping | $382 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $5,065 | $46,325-89.1% | $143,788-96.5% | $64,814-92.2% |
| Participation rate | 10.1% | 64.2%-54.2pp | 80.3%-70.2pp | 71.5%-61.4pp |
| Annual return | -15.91% | -10.05%-5.9pp | -0.03%-15.9pp | 32.84%-48.7pp |
| Employer contribution / active EE | $0 | $1,911-100.0% | $4,952-100.0% | $2,507-100.0% |
| Participant deferral / active EE | $352 | $2,647-86.7% | $5,638-93.8% | $4,310-91.8% |
| Admin fee / account holder | $68 | $154-55.8% | $14,675-99.5% | $188-63.8% |