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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $5,239 |
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.
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 | $55,637 | $64,909-14.3% | $82,312-32.4% | $62,293-10.7% |
| Participation rate | 42.6% | 74.9%-32.3pp | 76.9%-34.3pp | 69.5%-26.9pp |
| Annual return | 13.79% | 21.18%-7.4pp | 25.88%-12.1pp | 28.90%-15.1pp |
| Employer contribution / active EE | $535 | $1,676-68.1% | $2,428-78.0% | $2,042-73.8% |
| Participant deferral / active EE | $1,050 | $3,103-66.2% | $3,706-71.7% | $3,169-66.9% |
| Admin fee / account holder | $212 | $440-51.8% | $5,608-96.2% | $479-55.8% |