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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS LLC Service code 26 · EIN 34-1542819 | Advisory (Participants) | $50,646 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $1,297 |
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.
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 | $14,883 | $127,481-88.3% | $149,730-90.1% | $90,274-83.5% |
| Participation rate | 41.4% | 78.2%-36.9pp | 82.5%-41.1pp | 73.4%-32.0pp |
| Annual return | 63.62% | 57.78%+5.8pp | 276.70%-213.1pp | 53.97%+9.6pp |
| Employer contribution / active EE | $556 | $3,448-83.9% | $4,645-88.0% | $2,523-78.0% |
| Participant deferral / active EE | $1,253 | $6,975-82.0% | $6,843-81.7% | $4,231-70.4% |
| Admin fee / account holder | $103 | $152-32.0% | $9,310-98.9% | $114-9.6% |