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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4 years Service code 15 · EIN 94-1347393 | Recordkeeping | $12,908 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,117 | $64,286-82.7% | $90,970-87.8% | $73,412-84.9% |
| Participation rate | 57.0% | 63.6%-6.5pp | 69.0%-12.0pp | 72.2%-15.1pp |
| Annual return | 12.78% | 21.46%-8.7pp | 134.58%-121.8pp | 59.30%-46.5pp |
| Employer contribution / active EE | $432 | $895-51.7% | $2,122-79.6% | $2,234-80.7% |
| Participant deferral / active EE | $867 | $2,453-64.7% | $3,373-74.3% | $3,806-77.2% |
| Admin fee / account holder | $43 | $287-85.2% | $5,960-99.3% | $158-73.0% |