| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $3,210,639 |
CAPFINANCIAL PARTNERS LLC5+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-2018846 | Advisory (Plan) | $112,500 |
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 | $8,919 | $43,466-79.5% | $99,489-91.0% | $89,609-90.0% |
| Participation rate | 54.8% | 41.5%+13.2pp | 73.8%-19.1pp | 69.6%-14.8pp |
| Annual return | 20.49% | 22.62%-2.1pp | 30.72%-10.2pp | 33.65%-13.2pp |
| Employer contribution / active EE | $496 | $788-37.0% | $2,541-80.5% | $2,584-80.8% |
| Participant deferral / active EE | $408 | $1,495-72.7% | $3,619-88.7% | $4,222-90.3% |
| Admin fee / account holder | $37 | $56-33.1% | $6,254-99.4% | $72-47.8% |