Filed July 17, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $66 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $53,870 | $45,382+18.7% | $154,108-65.0% | $75,289-28.4% |
| Participation rate | 1.2% | 65.9%-64.7pp | 83.0%-81.8pp | 72.4%-71.2pp |
| Annual return | -4.43% | -0.47%-4.0pp | 735.21%-739.6pp | -0.04%-4.4pp |
| Employer contribution / active EE | $0 | $1,533-100.0% | $5,298-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $65 | $2,384-97.3% | $5,081-98.7% | $3,739-98.3% |
| Admin fee / account holder | $153 | $89+71.2% | $13,411-98.9% | $102+49.4% |