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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $22,389 |
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $9,817 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,950 | $58,093-60.5% | $80,022-71.3% | $56,287-59.2% |
| Participation rate | 68.6% | 73.6%-5.0pp | 75.8%-7.2pp | 69.9%-1.2pp |
| Annual return | -3.85% | 34.63%-38.5pp | 11.22%-15.1pp | -9.96%+6.1pp |
| Employer contribution / active EE | $748 | $1,933-61.3% | $2,468-69.7% | $2,111-64.6% |
| Participant deferral / active EE | $1,922 | $3,136-38.7% | $3,686-47.9% | $3,350-42.6% |
| Admin fee / account holder | $185 | $623-70.3% | $6,521-97.2% | $521-64.5% |