| Provider | Service type | Compensation |
|---|---|---|
Service code 15 · EIN 84-0467907 | Recordkeeping | $1,126,137 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK, N.A Service code 15 · EIN 94-1347393 | Recordkeeping | $799,023 |
Service code 27 · EIN 26-2018846 | Advisory (Plan) | $62,500 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,949 | $56,274-62.8% | $109,923-80.9% | $106,520-80.3% |
| Participation rate | 29.4% | 46.3%-16.8pp | 74.2%-44.8pp | 71.3%-41.9pp |
| Annual return | 13.46% | 27.85%-14.4pp | 29.46%-16.0pp | 19.28%-5.8pp |
| Employer contribution / active EE | $238 | $1,010-76.5% | $2,844-91.6% | $2,840-91.6% |
| Participant deferral / active EE | $429 | $1,973-78.2% | $4,048-89.4% | $4,948-91.3% |
| Admin fee / account holder | $45 | $57-22.0% | $6,070-99.3% | $75-40.2% |