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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO, N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $90,209 |
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).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,416 | $74,498+5.3% | $94,224-16.8% | $59,188+32.5% |
| Participation rate | 45.9% | 76.8%-30.9pp | 78.8%-32.9pp | 69.4%-23.5pp |
| Annual return | -0.63% | 2.76%-3.4pp | 10.68%-11.3pp | 5.51%-6.1pp |
| Employer contribution / active EE | $0 | $2,077-100.0% | $3,587-100.0% | $2,098-100.0% |
| Participant deferral / active EE | $3,491 | $3,433+1.7% | $4,320-19.2% | $3,265+6.9% |
| Admin fee / account holder | $342 | $103+231.8% | $6,269-94.6% | $92+270.3% |