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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840 | Advisory (Plan) | $19,641 |
Service code 37 · EIN 04-2647786 | Loan Processing | $15,540 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $85,267 | $49,138+73.5% | $84,021+1.5% | $65,185+30.8% |
| Participation rate | 47.3% | 60.7%-13.4pp | 69.0%-21.7pp | 70.2%-22.9pp |
| Annual return | 21.61% | 23.00%-1.4pp | 71.32%-49.7pp | 29.38%-7.8pp |
| Employer contribution / active EE | $1,683 | $914+84.1% | $1,984-15.2% | $2,177-22.7% |
| Participant deferral / active EE | $2,394 | $2,397-0.1% | $3,239-26.1% | $3,514-31.9% |
| Admin fee / account holder | $332 | $543-38.9% | $6,102-94.6% | $847-60.8% |