Filed April 30, 2018
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO Service code 15 · EIN 94-1347393 | Recordkeeping | $13,148 |
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $12,980 |
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 | $66,907 | $63,314+5.7% | $91,004-26.5% | $62,293+7.4% |
| Participation rate | 75.5% | 73.3%+2.2pp | 75.6%-0.1pp | 69.5%+6.0pp |
| Annual return | 18.06% | 21.00%-2.9pp | 4.60%+13.5pp | 28.90%-10.8pp |
| Employer contribution / active EE | $819 | $1,807-54.7% | $2,456-66.7% | $2,042-59.9% |
| Participant deferral / active EE | $2,638 | $2,944-10.4% | $3,548-25.6% | $3,169-16.8% |
| Admin fee / account holder | $316 | $468-32.3% | $5,417-94.2% | $479-34.0% |