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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $1,949 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $26,384 | $79,519-66.8% | $95,956-72.5% | $73,412-64.1% |
| Participation rate | 5.1% | 81.2%-76.1pp | 77.1%-72.0pp | 72.2%-67.1pp |
| Annual return | 41.71% | 19.20%+22.5pp | 91.63%-49.9pp | 59.30%-17.6pp |
| Employer contribution / active EE | $0 | $2,048-100.0% | $2,541-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $144 | $4,138-96.5% | $4,167-96.5% | $3,806-96.2% |
| Admin fee / account holder | $5 | $184-97.4% | $6,797-99.9% | $158-97.0% |