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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $39,809 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $92,388 | $65,378+41.3% | $87,103+6.1% | $65,186+41.7% |
| Participation rate | 68.4% | 75.3%-7.0pp | 76.9%-8.5pp | 70.2%-1.8pp |
| Annual return | 18.45% | 31.28%-12.8pp | 28.19%-9.7pp | 29.39%-10.9pp |
| Employer contribution / active EE | $1,590 | $1,823-12.8% | $2,521-36.9% | $2,177-27.0% |
| Participant deferral / active EE | $4,503 | $3,389+32.9% | $4,049+11.2% | $3,514+28.2% |
| Admin fee / account holder | $418 | $520-19.5% | $7,491-94.4% | $847-50.6% |