Filed August 14, 2024
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ 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 | $27,180 | $46,332-41.3% | $143,797-81.1% | $64,824-58.1% |
| Participation rate | 86.0% | 64.2%+21.7pp | 80.3%+5.7pp | 71.5%+14.5pp |
| Annual return | 0.00% | -10.05%+10.1pp | -0.04%0pp | 32.84%-32.8pp |
| Employer contribution / active EE | $3,966 | $1,911+107.5% | $4,952-19.9% | $2,507+58.2% |
| Participant deferral / active EE | $2,815 | $2,647+6.3% | $5,638-50.1% | $4,311-34.7% |
| Admin fee / account holder | $79 | $154-48.8% | $14,679-99.5% | $188-58.1% |