Filed April 15, 2025
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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $288,435 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $29,409 | $88,730-66.9% | $82,312-64.3% | $77,958-62.3% |
| Participation rate | 83.2% | 84.5%-1.3pp | 76.9%+6.3pp | 71.6%+11.6pp |
| Annual return | 18.56% | 20.88%-2.3pp | 25.88%-7.3pp | 20.87%-2.3pp |
| Employer contribution / active EE | $1,075 | $2,758-61.0% | $2,428-55.7% | $2,310-53.5% |
| Participant deferral / active EE | $2,502 | $4,634-46.0% | $3,706-32.5% | $3,537-29.3% |
| Admin fee / account holder | $79 | $74+6.2% | $5,608-98.6% | $97-19.3% |