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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Service code 15 · EIN 94-1347393 | Recordkeeping | $14,804 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $2,534 | $35,600-92.9% | $87,502-97.1% | $63,975-96.0% |
| Participation rate | 26.0% | 56.1%-30.1pp | 73.8%-47.8pp | 71.1%-45.1pp |
| Annual return | 8.07% | 17.86%-9.8pp | 12.21%-4.1pp | 48.65%-40.6pp |
| Employer contribution / active EE | $0 | $854-100.0% | $2,550-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $360 | $1,660-78.3% | $3,149-88.6% | $3,356-89.3% |
| Admin fee / account holder | $24 | $51-52.1% | $4,221-99.4% | $70-65.5% |