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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $7,145 |
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $5,692 |
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).
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 | $31,416 | $33,745-6.9% | $64,105-51.0% | $55,191-43.1% |
| Participation rate | 39.7% | 59.4%-19.7pp | 68.2%-28.5pp | 69.2%-29.5pp |
| Annual return | 0.78% | 4.95%-4.2pp | 791.24%-790.5pp | 10.78%-10.0pp |
| Employer contribution / active EE | $0 | $641-100.0% | $1,820-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $802 | $1,929-58.4% | $2,822-71.6% | $3,046-73.7% |
| Admin fee / account holder | $146 | $94+54.5% | $4,499-96.8% | $91+60.5% |