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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $15,868 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $27,731 | $57,103-51.4% | $87,502-68.3% | $57,658-51.9% |
| Participation rate | 39.2% | 64.3%-25.2pp | 73.8%-34.7pp | 70.2%-31.1pp |
| Annual return | 7.49% | 12.71%-5.2pp | 12.21%-4.7pp | 5.13%+2.4pp |
| Employer contribution / active EE | $0 | $1,107-100.0% | $2,550-100.0% | $1,974-100.0% |
| Participant deferral / active EE | $2,489 | $2,250+10.6% | $3,149-21.0% | $3,061-18.7% |
| Admin fee / account holder | $147 | $281-47.8% | $4,221-96.5% | $95+55.0% |