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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $165,866 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $24,984 | $81,719-69.4% | $101,271-75.3% | $90,274-72.3% |
| Participation rate | 67.9% | 80.7%-12.8pp | 75.8%-7.9pp | 73.4%-5.5pp |
| Annual return | 19.49% | 337.64%-318.1pp | 46.48%-27.0pp | 53.97%-34.5pp |
| Employer contribution / active EE | $477 | $3,622-86.8% | $3,660-87.0% | $2,523-81.1% |
| Participant deferral / active EE | $1,867 | $3,310-43.6% | $4,371-57.3% | $4,231-55.9% |
| Admin fee / account holder | $44 | $162-72.6% | $5,948-99.3% | $114-61.2% |