Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $92,535 |
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.
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).
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 | $10,942 | $57,606-81.0% | $67,313-83.7% | $75,289-85.5% |
| Participation rate | 48.3% | 68.2%-19.9pp | 69.1%-20.8pp | 72.4%-24.1pp |
| Annual return | -4.43% | -0.47%-4.0pp | -4.08%-0.3pp | -0.04%-4.4pp |
| Employer contribution / active EE | $368 | $2,206-83.3% | $2,566-85.6% | $2,405-84.7% |
| Participant deferral / active EE | $849 | $3,195-73.4% | $3,568-76.2% | $3,739-77.3% |
| Admin fee / account holder | $77 | $83-6.5% | $4,507-98.3% | $102-24.4% |