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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $18,579 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS PCG Service code 27 · EIN 56-0276690 | Advisory (Plan) | $8,767 |
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.
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 | $33,411 | $47,969-30.3% | $85,969-61.1% | $52,331-36.2% |
| Participation rate | 57.3% | 61.7%-4.4pp | 76.5%-19.3pp | 68.1%-10.8pp |
| Annual return | -1.96% | -0.13%-1.8pp | 9.32%-11.3pp | 4.54%-6.5pp |
| Employer contribution / active EE | $1,057 | $1,460-27.6% | $3,474-69.6% | $1,882-43.8% |
| Participant deferral / active EE | $425 | $2,110-79.8% | $3,829-88.9% | $3,022-85.9% |
| Admin fee / account holder | $390 | $530-26.4% | $6,053-93.6% | $592-34.1% |