Filed February 12, 2019 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $34,830 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $11,976 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $127,727 | $54,590+134.0% | $81,930+55.9% | $73,488+73.8% |
| Participation rate | 50.5% | 68.3%-17.9pp | 72.0%-21.5pp | 70.7%-20.2pp |
| Annual return | 14.43% | 17.74%-3.3pp | 29.49%-15.1pp | 28.51%-14.1pp |
| Employer contribution / active EE | $1,777 | $1,636+8.6% | $4,310-58.8% | $2,270-21.7% |
| Participant deferral / active EE | $3,681 | $2,759+33.4% | $7,107-48.2% | $3,740-1.6% |
| Admin fee / account holder | $304 | $592-48.6% | $5,158-94.1% | $513-40.7% |