Filed July 17, 2017 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $265 |
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 | $56,406 | $52,293+7.9% | $178,503-68.4% | $73,412-23.2% |
| Participation rate | 2.4% | 65.3%-62.9pp | 81.9%-79.5pp | 72.2%-69.8pp |
| Annual return | 11.00% | 34.75%-23.8pp | 151.12%-140.1pp | 59.30%-48.3pp |
| Employer contribution / active EE | $0 | $1,736-100.0% | $5,011-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $140 | $2,333-94.0% | $5,202-97.3% | $3,806-96.3% |
| Admin fee / account holder | $111 | $127-12.8% | $13,987-99.2% | $158-29.6% |