Filed April 28, 2021 (most recent of 2 filings on file)
Total covered: 6 employees
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $111,049 |
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.
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 | $90,919 | $77,559+17.2% | $68,612+32.5% | $75,289+20.8% |
| Participation rate | 53.0% | 78.3%-25.3pp | 72.2%-19.2pp | 72.4%-19.4pp |
| Annual return | 9.36% | -1.01%+10.4pp | -4.63%+14.0pp | -0.04%+9.4pp |
| Employer contribution / active EE | $2,343 | $1,993+17.5% | $2,625-10.8% | $2,405-2.6% |
| Participant deferral / active EE | $1,375 | $3,128-56.0% | $3,311-58.5% | $3,739-63.2% |
| Admin fee / account holder | $157 | $90+73.5% | $5,131-96.9% | $102+53.3% |