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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $10,573 |
Service code 37 · EIN 04-2647786 | Loan Processing | $4,651 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $40,134 | $48,064-16.5% | $78,778-49.1% | $69,631-42.4% |
| Participation rate | 31.8% | 61.6%-29.8pp | 69.2%-37.4pp | 70.7%-38.9pp |
| Annual return | 16.24% | 21.81%-5.6pp | 35.62%-19.4pp | 27571.02%-27554.8pp |
| Employer contribution / active EE | $226 | $744-69.5% | $1,986-88.6% | $2,032-88.9% |
| Participant deferral / active EE | $1,404 | $2,079-32.4% | $2,958-52.5% | $3,224-56.4% |
| Admin fee / account holder | $43 | $152-71.9% | $5,134-99.2% | $110-61.4% |