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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $10,577 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $8,008 | $42,546-81.2% | $71,793-88.8% | $55,167-85.5% |
| Participation rate | 39.4% | 59.1%-19.7pp | 69.1%-29.7pp | 69.0%-29.6pp |
| Annual return | 8.10% | 12.36%-4.3pp | 78.04%-69.9pp | 169.23%-161.1pp |
| Employer contribution / active EE | $224 | $803-72.1% | $1,924-88.4% | $1,963-88.6% |
| Participant deferral / active EE | $497 | $2,064-75.9% | $2,794-82.2% | $3,054-83.7% |
| Admin fee / account holder | $8 | $650-98.7% | $4,815-99.8% | $504-98.3% |