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| Provider | Service type | Compensation |
|---|---|---|
Service code 37 · EIN 04-2647786 | Loan Processing | $372,642 |
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840 | Advisory (Plan) | $40,000 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $46,716 | $128,169-63.6% | $147,117-68.2% | $106,553-56.2% |
| Participation rate | 34.2% | 67.3%-33.1pp | 82.2%-48.0pp | 69.8%-35.6pp |
| Annual return | 16.86% | 17.88%-1.0pp | 420.54%-403.7pp | 17.37%-0.5pp |
| Employer contribution / active EE | $611 | $3,374-81.9% | $4,932-87.6% | $3,359-81.8% |
| Participant deferral / active EE | $2,380 | $7,665-69.0% | $8,065-70.5% | $5,562-57.2% |
| Admin fee / account holder | $67 | $88-24.1% | $12,993-99.5% | $80-16.1% |