Filed June 29, 2022
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 26 10 CADILLAC DRIVE SUITE 300 · BRENTWOOD, TN 37027 | Advisory (Participants) | $165,454 |
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 | Recordkeeping | $73,536 |
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 | $89,978 | $36,926+143.7% | $156,551-42.5% | $57,661+56.0% |
| Participation rate | 96.0% | 63.4%+32.6pp | 84.0%+12.0pp | 70.2%+25.8pp |
| Annual return | 10.33% | 12.38%-2.1pp | 32.23%-21.9pp | 5.13%+5.2pp |
| Employer contribution / active EE | $6,146 | $1,571+291.3% | $5,501+11.7% | $1,974+211.4% |
| Participant deferral / active EE | $3,800 | $1,926+97.3% | $4,871-22.0% | $3,061+24.2% |
| Admin fee / account holder | $268 | $83+224.6% | $13,028-97.9% | $95+183.3% |