Filed August 4, 2020
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $59,841 |
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 | $66,014 | $52,293+26.2% | $178,503-63.0% | $73,412-10.1% |
| Participation rate | 93.4% | 65.3%+28.1pp | 81.9%+11.5pp | 72.2%+21.2pp |
| Annual return | 18.12% | 34.75%-16.6pp | 151.12%-133.0pp | 59.30%-41.2pp |
| Employer contribution / active EE | $2,716 | $1,736+56.4% | $5,011-45.8% | $2,234+21.6% |
| Participant deferral / active EE | $4,774 | $2,333+104.6% | $5,202-8.2% | $3,806+25.4% |
| Admin fee / account holder | $126 | $127-1.0% | $13,987-99.1% | $158-20.1% |