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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $16,735 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 56-0898180 | Advisory (Plan) | $15,762 |
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.
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 | $28,813 | $50,498-42.9% | $75,784-62.0% | $55,191-47.8% |
| Participation rate | 19.5% | 69.4%-49.9pp | 75.8%-56.3pp | 69.2%-49.7pp |
| Annual return | -0.26% | 1.80%-2.1pp | 9.68%-9.9pp | 10.78%-11.0pp |
| Employer contribution / active EE | $481 | $2,291-79.0% | $3,323-85.5% | $1,899-74.7% |
| Participant deferral / active EE | $945 | $2,589-63.5% | $3,652-74.1% | $3,046-69.0% |
| Admin fee / account holder | $136 | $123+10.1% | $5,300-97.4% | $91+49.3% |