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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5 years Service code 15 · EIN 94-1347393 | Recordkeeping | $127,862 |
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $28,000 |
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).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,245 | $108,759-67.6% | $149,696-76.5% | $93,223-62.2% |
| Participation rate | 16.2% | 70.7%-54.5pp | 82.5%-66.2pp | 74.9%-58.7pp |
| Annual return | 19.36% | 19.53%-0.2pp | 276.60%-257.2pp | 19.29%+0.1pp |
| Employer contribution / active EE | $0 | $2,777-100.0% | $4,644-100.0% | $2,680-100.0% |
| Participant deferral / active EE | $1,818 | $6,149-70.4% | $6,842-73.4% | $4,563-60.2% |
| Admin fee / account holder | $79 | $81-1.7% | $9,309-99.1% | $79+0.3% |