Filed November 18, 2021
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS LLC Service code 49 · EIN 34-1542819 | Other Services | $22,466 |
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $10,841 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,150 | $68,413-66.2% | $123,104-81.2% | $55,191-58.1% |
| Participation rate | 98.0% | 84.5%+13.4pp | 86.8%+11.2pp | 69.2%+28.8pp |
| Annual return | 2.31% | 6.30%-4.0pp | 13.22%-10.9pp | 10.78%-8.5pp |
| Employer contribution / active EE | $2,433 | $3,050-20.2% | $5,151-52.8% | $1,899+28.1% |
| Participant deferral / active EE | $4,136 | $4,490-7.9% | $6,230-33.6% | $3,046+35.8% |
| Admin fee / account holder | $21 | $88-76.0% | $9,015-99.8% | $91-76.8% |