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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Service code 15 · EIN 94-1347393 | Recordkeeping | $56,900 |
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.
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 | $5,553 | $37,245-85.1% | $94,993-94.2% | $77,958-92.9% |
| Participation rate | 19.4% | 56.5%-37.0pp | 73.9%-54.4pp | 71.6%-52.2pp |
| Annual return | 20.93% | 22.72%-1.8pp | 27.12%-6.2pp | 20.87%+0.1pp |
| Employer contribution / active EE | $138 | $894-84.6% | $2,603-94.7% | $2,310-94.0% |
| Participant deferral / active EE | $432 | $1,828-76.4% | $3,317-87.0% | $3,537-87.8% |
| Admin fee / account holder | $85 | $59+44.4% | $4,960-98.3% | $97-12.4% |