Filed August 29, 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.3 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 99 · EIN 34-1542819 1525 WEST W.T. HARRIS BLVD · CHARLOTTE, NC 28262 | Other Fees | $38,303 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $37,431 | $62,166-39.8% | $81,286-54.0% | $74,429-49.7% |
| Participation rate | 99.0% | 64.1%+34.9pp | 69.5%+29.4pp | 67.2%+31.7pp |
| Annual return | 11.89% | 16.50%-4.6pp | 24.80%-12.9pp | 1368.38%-1356.5pp |
| Employer contribution / active EE | $2,100 | $1,881+11.6% | $2,463-14.7% | $2,625-20.0% |
| Participant deferral / active EE | $6,924 | $3,223+114.8% | $3,883+78.3% | $4,348+59.2% |
| Admin fee / account holder | $332 | $1,925-82.7% | $5,764-94.2% | $1,944-82.9% |