Filed December 24, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Service code 12 · EIN 13-3689044 | Finders' fees / placement fees; Sales... | $147,979 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS LLC Service code 16 | Consulting | $47,883 |
MID ATLANTIC CAPITAL CORPORATION1+ years Service code 33 · EIN 25-1409618 | Securities brokerage; Securities brok... | $0 |
NATIONAL FINANCIAL SERVICES1+ years Service code 33 · EIN 04-3523567 | Securities brokerage; Securities brok... | $0 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO INSURANCE SERVICE INVES Service code 16 2801 MARKET STREET · ST. LOUIS, MO 63103 | Consulting | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $21,960 | $63,964-65.7% | $147,618-85.1% | $67,505-67.5% |
| Participation rate | 11.3% | 68.6%-57.3pp | 84.6%-73.3pp | 71.2%-59.9pp |
| Annual return | 2.99% | 9.05%-6.1pp | 61.98%-59.0pp | 6.52%-3.5pp |
| Employer contribution / active EE | $97 | $1,618-94.0% | $5,565-98.3% | $2,173-95.6% |
| Participant deferral / active EE | $439 | $2,589-83.0% | $4,895-91.0% | $3,597-87.8% |
| Admin fee / account holder | $162 | $43+278.8% | $11,612-98.6% | $56+188.7% |