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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS FINANCIAL ADVI Service code 26 · EIN 36-4019175 | Advisory (Participants) | $10,831 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $50,243 | $47,977+4.7% | $154,114-67.4% | $56,287-10.7% |
| Participation rate | 29.0% | 66.2%-37.2pp | 83.0%-54.0pp | 69.9%-40.9pp |
| Annual return | -7.85% | 3.54%-11.4pp | 735.16%-743.0pp | -9.96%+2.1pp |
| Employer contribution / active EE | $325 | $2,169-85.0% | $5,298-93.9% | $2,111-84.6% |
| Participant deferral / active EE | $988 | $2,392-58.7% | $5,081-80.6% | $3,350-70.5% |
| Admin fee / account holder | $92 | $438-79.1% | $13,411-99.3% | $521-82.4% |