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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $124,237 |
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).
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 | $10,731 | $32,929-67.4% | $76,518-86.0% | $68,904-84.4% |
| Participation rate | 14.3% | 38.1%-23.9pp | 68.0%-53.7pp | 74.1%-59.9pp |
| Annual return | -5.07% | 7.15%-12.2pp | -0.27%-4.8pp | 1.07%-6.1pp |
| Employer contribution / active EE | $4 | $904-99.6% | $2,647-99.9% | $2,540-99.9% |
| Participant deferral / active EE | $591 | $1,310-54.9% | $3,836-84.6% | $4,015-85.3% |
| Admin fee / account holder | $57 | $93-39.2% | $4,849-98.8% | $71-20.6% |