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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $11,672 |
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754 | Recordkeeping | $5,864 |
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.
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 | $79,234 | $51,466+54.0% | $78,778+0.6% | $62,293+27.2% |
| Participation rate | 49.0% | 59.8%-10.8pp | 69.2%-20.2pp | 69.5%-20.5pp |
| Annual return | 16.73% | 19.96%-3.2pp | 35.62%-18.9pp | 28.90%-12.2pp |
| Employer contribution / active EE | $128 | $827-84.6% | $1,986-93.6% | $2,042-93.7% |
| Participant deferral / active EE | $2,554 | $2,147+18.9% | $2,958-13.7% | $3,169-19.4% |
| Admin fee / account holder | $193 | $489-60.6% | $5,134-96.2% | $479-59.8% |