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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $19,488 |
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.)
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 | $95,243 | $64,909+46.7% | $82,312+15.7% | $62,293+52.9% |
| Participation rate | 55.3% | 74.9%-19.5pp | 76.9%-21.6pp | 69.5%-14.2pp |
| Annual return | 17.75% | 21.18%-3.4pp | 25.88%-8.1pp | 28.90%-11.1pp |
| Employer contribution / active EE | $526 | $1,676-68.6% | $2,428-78.3% | $2,042-74.2% |
| Participant deferral / active EE | $6,763 | $3,103+117.9% | $3,706+82.5% | $3,169+113.4% |
| Admin fee / account holder | $305 | $440-30.7% | $5,608-94.6% | $479-36.4% |