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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS LLC Service code 26 · EIN 34-1542819 | Advisory (Participants) | $14,038 |
Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES · BUFFALO, NY 142010600 | Recordkeeping | $2,365 |
ABACUS RETIREMENT SOLUTIONS3 years Service code 37 · EIN 43-1954512 STE 1060 · ALBUQUERQUE, NM 87102 | Loan Processing | $0 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $29,061 | $91,517-68.2% | $101,271-71.3% | $73,412-60.4% |
| Participation rate | 34.9% | 73.8%-38.8pp | 75.8%-40.9pp | 72.2%-37.2pp |
| Annual return | 19.14% | 17.17%+2.0pp | 46.48%-27.3pp | 59.30%-40.2pp |
| Employer contribution / active EE | $466 | $2,877-83.8% | $3,660-87.3% | $2,234-79.2% |
| Participant deferral / active EE | $1,389 | $3,338-58.4% | $4,371-68.2% | $3,806-63.5% |
| Admin fee / account holder | $374 | $216+73.3% | $5,948-93.7% | $158+137.0% |