Filed November 13, 2023
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $50,476 |
Filed as: RAYMOND JAMES FINANCIAL Service code 27 · EIN 34-1542819 | Advisory (Plan) | $25,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,190 | $46,966+26.0% | $185,117-68.0% | $69,631-15.0% |
| Participation rate | 58.9% | 65.3%-6.4pp | 77.3%-18.4pp | 70.7%-11.8pp |
| Annual return | 16.97% | 22.36%-5.4pp | 40.50%-23.5pp | 27571.02%-27554.1pp |
| Employer contribution / active EE | $286 | $1,360-79.0% | $4,182-93.2% | $2,032-85.9% |
| Participant deferral / active EE | $2,472 | $3,017-18.1% | $5,045-51.0% | $3,224-23.3% |
| Admin fee / account holder | $215 | $94+129.5% | $8,159-97.4% | $110+95.0% |