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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $141,150 |
RBC WEALTH MANAGEMENT4+ years Service code 33 60 SOUTH 6T ST · MINNEAPOLIS, MN 554024422 | Securities brokerage; Direct payment ... | $27,189 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $275,231 | $75,388+265.1% | $123,553+122.8% | $55,725+393.9% |
| Participation rate | 93.9% | 75.7%+18.2pp | 82.3%+11.6pp | 70.9%+23.0pp |
| Annual return | -6.51% | 4.48%-11.0pp | 119.21%-125.7pp | 244.93%-251.4pp |
| Employer contribution / active EE | $11,017 | $3,063+259.7% | $4,628+138.0% | $2,078+430.1% |
| Participant deferral / active EE | $9,337 | $5,651+65.2% | $6,426+45.3% | $3,356+178.3% |
| Admin fee / account holder | $545 | $120+355.3% | $9,284-94.1% | $115+373.4% |