Filed September 11, 2024 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1349393 | Recordkeeping | $131,212 |
IRA GROUP1+ years Filed as: IRA GROUP, INC. Service code 27 · EIN 58-1989031 | Advisory (Plan) | $30,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $120,419 | $62,324+93.2% | $68,509+75.8% | $55,191+118.2% |
| Participation rate | 58.8% | 78.9%-20.1pp | 74.7%-15.9pp | 69.2%-10.4pp |
| Annual return | 11.67% | 4.26%+7.4pp | 8.27%+3.4pp | 10.78%+0.9pp |
| Employer contribution / active EE | $2,257 | $2,223+1.5% | $2,278-0.9% | $1,899+18.9% |
| Participant deferral / active EE | $4,119 | $3,425+20.3% | $3,382+21.8% | $3,046+35.2% |
| Admin fee / account holder | $205 | $91+124.5% | $5,275-96.1% | $91+126.0% |