Filed August 4, 2020
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $52,647 |
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 | $51,110 | $62,928-18.8% | $172,753-70.4% | $67,582-24.4% |
| Participation rate | 94.3% | 64.5%+29.8pp | 82.6%+11.7pp | 71.3%+23.0pp |
| Annual return | 23.79% | 30.36%-6.6pp | 803.00%-779.2pp | 378.57%-354.8pp |
| Employer contribution / active EE | $4,008 | $1,636+145.0% | $5,144-22.1% | $2,148+86.6% |
| Participant deferral / active EE | $4,950 | $2,145+130.8% | $5,198-4.8% | $3,539+39.9% |
| Admin fee / account holder | $102 | $167-38.9% | $13,956-99.3% | $142-28.4% |