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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 56-0898180 | Advisory (Plan) | $19,628 |
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $17,255 |
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.)
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 | $36,579 | $52,884-30.8% | $84,753-56.8% | $55,167-33.7% |
| Participation rate | 27.3% | 67.5%-40.2pp | 76.6%-49.3pp | 69.0%-41.7pp |
| Annual return | 7.68% | 18.03%-10.3pp | 22.78%-15.1pp | 169.23%-161.5pp |
| Employer contribution / active EE | $961 | $2,233-57.0% | $3,574-73.1% | $1,963-51.0% |
| Participant deferral / active EE | $1,618 | $2,644-38.8% | $3,712-56.4% | $3,054-47.0% |
| Admin fee / account holder | $349 | $581-39.9% | $5,333-93.5% | $504-30.7% |