Filed June 30, 2008
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $163,695 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $32,763 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $5,298 | $35,598-85.1% | $81,473-93.5% | $177,276-97.0% |
| Participation rate | 65.0% | 43.3%+21.7pp | 68.0%-3.0pp | 74.8%-9.8pp |
| Annual return | 23.38% | 22.81%+0.6pp | 38.78%-15.4pp | 21.25%+2.1pp |
| Employer contribution / active EE | $185 | $903-79.5% | $2,568-92.8% | $2,479-92.5% |
| Participant deferral / active EE | $818 | $1,276-35.9% | $3,537-76.9% | $3,881-78.9% |
| Admin fee / account holder | $48 | $82-40.8% | $4,561-98.9% | $154-68.7% |