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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $59,398 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS, LLC Service code 16 · EIN 34-1542819 | Consulting | $19,490 |
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.
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 | $24,847 | $43,717-43.2% | $81,473-69.5% | $77,958-68.1% |
| Participation rate | 11.8% | 42.5%-30.8pp | 68.0%-56.2pp | 71.6%-59.9pp |
| Annual return | 25.87% | 23.83%+2.0pp | 38.78%-12.9pp | 20.87%+5.0pp |
| Employer contribution / active EE | -$3 | $919-100.3% | $2,568-100.1% | $2,310-100.1% |
| Participant deferral / active EE | $621 | $1,783-65.2% | $3,537-82.4% | $3,537-82.4% |
| Admin fee / account holder | $183 | $108+69.6% | $4,561-96.0% | $97+87.9% |