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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $54,111 |
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.
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 | $98,331 | $59,191+66.1% | $76,767+28.1% | $56,289+74.7% |
| Participation rate | 56.8% | 75.2%-18.4pp | 77.0%-20.2pp | 69.9%-13.1pp |
| Annual return | -3.66% | 6.62%-10.3pp | 2.43%-6.1pp | -9.96%+6.3pp |
| Employer contribution / active EE | $482 | $1,759-72.6% | $2,485-80.6% | $2,111-77.2% |
| Participant deferral / active EE | $6,671 | $3,255+104.9% | $3,852+73.2% | $3,350+99.2% |
| Admin fee / account holder | $397 | $489-18.9% | $6,675-94.1% | $521-23.8% |