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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $22,895 |
Service code 37 · EIN 04-2647786 | Loan Processing | $731 |
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.
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 | $102,628 | $56,918+80.3% | $182,531-43.8% | $65,185+57.4% |
| Participation rate | 53.3% | 66.5%-13.2pp | 78.0%-24.6pp | 70.2%-16.9pp |
| Annual return | 23.81% | 27.67%-3.9pp | 148.57%-124.8pp | 29.38%-5.6pp |
| Employer contribution / active EE | -$2 | $1,615-100.1% | $4,075-100.0% | $2,177-100.1% |
| Participant deferral / active EE | $8,393 | $3,526+138.0% | $5,525+51.9% | $3,514+138.9% |
| Admin fee / account holder | $7 | $531-98.6% | $8,593-99.9% | $847-99.1% |