Filed August 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: PRIME RETIREMENT SOLUTIONS, LLC Service code 99 · EIN 88-3303109 | Other Fees | $34,816 |
PRIME RETIREMENT SOLUTION2 years Service code 49 · EIN 88-3303109 | Other Services | $0 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 55 542 MAIN ST · WORCESTER, MA 01608 | Other Commissions | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,144 | $50,919-21.2% | $155,556-74.2% | $77,762-48.4% |
| Participation rate | 99.8% | 63.1%+36.8pp | 78.2%+21.6pp | 70.6%+29.3pp |
| Annual return | 16.29% | 34.84%-18.5pp | 64.84%-48.6pp | 31.27%-15.0pp |
| Employer contribution / active EE | $6,676 | $1,991+235.3% | $4,675+42.8% | $2,728+144.7% |
| Participant deferral / active EE | $5,278 | $2,824+86.9% | $5,631-6.3% | $4,651+13.5% |
| Admin fee / account holder | $232 | $437-46.9% | $15,885-98.5% | $433-46.4% |