Filed August 4, 2020
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $62,036 |
Annual investment return 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 | $36,867 | $37,196-0.9% | $154,108-76.1% | $55,725-33.8% |
| Participation rate | 97.8% | 64.1%+33.7pp | 83.0%+14.7pp | 70.9%+26.9pp |
| Annual return | -6.65% | 1319.68%-1326.3pp | 735.21%-741.9pp | 244.93%-251.6pp |
| Employer contribution / active EE | $2,940 | $1,614+82.1% | $5,298-44.5% | $2,078+41.5% |
| Participant deferral / active EE | $4,163 | $2,068+101.3% | $5,081-18.1% | $3,356+24.1% |
| Admin fee / account holder | $119 | $102+17.6% | $13,411-99.1% | $115+3.7% |