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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 23-2384840 | Advisory (Plan) | $29,474 |
Service code 37 · EIN 04-2647786 | Loan Processing | -$32,881 |
Employer 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).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $21,034 | $80,211-73.8% | $74,184-71.6% | $63,975-67.1% |
| Participation rate | 91.1% | 84.2%+6.9pp | 76.6%+14.5pp | 71.1%+20.0pp |
| Annual return | 17.34% | 14.13%+3.2pp | 17.74%-0.4pp | 48.65%-31.3pp |
| Employer contribution / active EE | $0 | $2,553-100.0% | $2,370-100.0% | $2,182-100.0% |
| Participant deferral / active EE | $4,786 | $4,370+9.5% | $3,550+34.8% | $3,356+42.6% |
| Admin fee / account holder | $0 | $67-100.0% | $5,586-100.0% | $70-100.0% |