Filed June 29, 2022
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS Service code 26 10 CADILLAC DRIVE, SUITE 300 · BRENTWOOD, TN 37027 | Advisory (Participants) | $88,855 |
Filed as: JANNEY MONTGOMERY SCOTT, LLC. Service code 26 6700 TOWER CIRCLE, SUITE 200 · FRANKLIN, TN 37067 | Advisory (Participants) | $65,057 |
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969 | Recordkeeping | $32,189 |
Service code 15 300 E. JOPPA RD, SUITE 601 · TOWSON, MD 21286 | Recordkeeping | $11,812 |
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 | $93,909 | $37,203+152.4% | $154,110-39.1% | $55,727+68.5% |
| Participation rate | 98.4% | 64.1%+34.3pp | 83.0%+15.4pp | 70.9%+27.5pp |
| Annual return | -8.81% | 1320.03%-1328.8pp | 735.22%-744.0pp | 244.94%-253.8pp |
| Employer contribution / active EE | $7,252 | $1,614+349.2% | $5,298+36.9% | $2,078+248.9% |
| Participant deferral / active EE | $4,840 | $2,069+134.0% | $5,081-4.7% | $3,356+44.2% |
| Admin fee / account holder | $206 | $102+103.2% | $13,412-98.5% | $115+79.3% |