Filed November 2, 2023 (most recent of 3 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $10,459 |
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO ADVISORS PCG Service code 27 · EIN 56-0276690 | Advisory (Plan) | $8,714 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $28,247 | $54,121-47.8% | $134,155-78.9% | $73,412-61.5% |
| Participation rate | 22.6% | 64.4%-41.7pp | 72.2%-49.6pp | 72.2%-49.6pp |
| Annual return | 13.61% | -312.52%+326.1pp | 36.34%-22.7pp | 59.30%-45.7pp |
| Employer contribution / active EE | $422 | $1,402-69.9% | $3,705-88.6% | $2,234-81.1% |
| Participant deferral / active EE | $761 | $2,844-73.2% | $3,500-78.2% | $3,806-80.0% |
| Admin fee / account holder | $163 | $132+23.1% | $6,685-97.6% | $158+3.2% |