Filed June 29, 2022
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS Service code 26 10 CADILLAC DRIVE SUITE 300 · BRENTWOOD, TN 37027 | Advisory (Participants) | $148,816 |
DAILYACCESS CORPORATION1+ years Service code 15 · EIN 63-1156117 | Recordkeeping | $58,112 |
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $90,653 | $37,117+144.2% | $147,618-38.6% | $55,191+64.3% |
| Participation rate | 95.6% | 63.6%+32.0pp | 84.6%+11.0pp | 69.2%+26.4pp |
| Annual return | -2.30% | 3.44%-5.7pp | 61.98%-64.3pp | 10.78%-13.1pp |
| Employer contribution / active EE | $6,569 | $1,620+305.4% | $5,564+18.1% | $1,899+246.0% |
| Participant deferral / active EE | $3,944 | $1,985+98.6% | $4,895-19.4% | $3,046+29.5% |
| Admin fee / account holder | $270 | $86+216.1% | $11,612-97.7% | $91+198.0% |