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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $62,739 |
Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS. Service code 37 · EIN 01-0233346 | Loan Processing | $1,099 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $23,094 | $75,284-69.3% | $91,004-74.6% | $69,631-66.8% |
| Participation rate | 86.4% | 80.4%+6.0pp | 75.6%+10.8pp | 70.7%+15.7pp |
| Annual return | 18.83% | 48.40%-29.6pp | 4.60%+14.2pp | 27571.02%-27552.2pp |
| Employer contribution / active EE | $280 | $2,473-88.7% | $2,456-88.6% | $2,032-86.2% |
| Participant deferral / active EE | $2,504 | $3,700-32.3% | $3,548-29.4% | $3,224-22.3% |
| Admin fee / account holder | $89 | $111-19.5% | $5,417-98.4% | $110-19.4% |