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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $72,083 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $57,544 | $65,118-11.6% | $76,767-25.0% | $55,725+3.3% |
| Participation rate | 64.6% | 79.6%-15.0pp | 77.0%-12.4pp | 70.9%-6.3pp |
| Annual return | -2.97% | -1.27%-1.7pp | 2.43%-5.4pp | 244.93%-247.9pp |
| Employer contribution / active EE | $1,327 | $1,941-31.7% | $2,485-46.6% | $2,078-36.2% |
| Participant deferral / active EE | $2,635 | $3,688-28.6% | $3,852-31.6% | $3,356-21.5% |
| Admin fee / account holder | $143 | $116+23.3% | $6,675-97.9% | $115+24.0% |