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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $17,361 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $24,998 | $73,638-66.1% | $95,964-74.0% | $73,497-66.0% |
| Participation rate | 56.7% | 76.2%-19.4pp | 77.1%-20.3pp | 70.7%-13.9pp |
| Annual return | 5.61% | 16.78%-11.2pp | 91.64%-86.0pp | 28.51%-22.9pp |
| Employer contribution / active EE | $563 | $1,863-69.8% | $2,541-77.8% | $2,270-75.2% |
| Participant deferral / active EE | $1,254 | $3,617-65.3% | $4,167-69.9% | $3,740-66.5% |
| Admin fee / account holder | $22 | $482-95.4% | $6,797-99.7% | $513-95.7% |