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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $13,324 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $29,180 | $34,495-15.4% | $78,676-62.9% | $63,975-54.4% |
| Participation rate | 44.8% | 60.8%-16.0pp | 73.6%-28.8pp | 71.1%-26.4pp |
| Annual return | 1.44% | 11.62%-10.2pp | 62.19%-60.7pp | 48.65%-47.2pp |
| Employer contribution / active EE | $686 | $1,398-50.9% | $2,850-75.9% | $2,182-68.5% |
| Participant deferral / active EE | $1,119 | $2,100-46.7% | $3,517-68.2% | $3,356-66.7% |
| Admin fee / account holder | $173 | $68+154.4% | $4,510-96.2% | $70+145.6% |