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.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $410,268 |
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $41,332 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $5,805 | $36,321-84.0% | $89,441-93.5% | $106,273-94.5% |
| Participation rate | 82.5% | 29.8%+52.6pp | 68.0%+14.5pp | 70.8%+11.7pp |
| Annual return | 21.56% | 24.00%-2.4pp | 245.62%-224.1pp | 21.70%-0.1pp |
| Employer contribution / active EE | $285 | $507-43.6% | $2,588-89.0% | $2,722-89.5% |
| Participant deferral / active EE | $994 | $1,286-22.8% | $3,891-74.5% | $4,601-78.4% |
| Admin fee / account holder | $40 | $78-48.3% | $4,885-99.2% | $78-48.7% |