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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Service code 15 · EIN 94-1347393 | Recordkeeping | $25,649 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $16,020 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $59,502 | $51,466+15.6% | $78,778-24.5% | $62,293-4.5% |
| Participation rate | 37.1% | 59.8%-22.7pp | 69.2%-32.1pp | 69.5%-32.4pp |
| Annual return | 13.22% | 19.96%-6.7pp | 35.62%-22.4pp | 28.90%-15.7pp |
| Employer contribution / active EE | $373 | $827-54.9% | $1,986-81.2% | $2,042-81.7% |
| Participant deferral / active EE | $1,555 | $2,147-27.6% | $2,958-47.5% | $3,169-50.9% |
| Admin fee / account holder | $490 | $489+0.2% | $5,134-90.5% | $479+2.3% |