Filed February 13, 2019
Total covered: 12 employees
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $45,078 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO WBS Service code 27 | Advisory (Plan) | $24,920 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS WBS Service code 27 · EIN 56-0898180 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $44,489 | $54,320-18.1% | $67,653-34.2% | $52,331-15.0% |
| Participation rate | 73.6% | 73.6%0pp | 75.7%-2.1pp | 68.1%+5.5pp |
| Annual return | 0.41% | 6.81%-6.4pp | 6625.22%-6624.8pp | 4.54%-4.1pp |
| Employer contribution / active EE | $1,428 | $1,544-7.5% | $2,266-37.0% | $1,882-24.1% |
| Participant deferral / active EE | $2,799 | $2,950-5.1% | $3,560-21.4% | $3,022-7.4% |
| Admin fee / account holder | $434 | $527-17.6% | $4,821-91.0% | $592-26.6% |