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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Service code 15 · EIN 94-1347393 | Recordkeeping | $35,414 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $80,119 | $64,909+23.4% | $82,312-2.7% | $62,293+28.6% |
| Participation rate | 57.4% | 74.9%-17.4pp | 76.9%-19.5pp | 69.5%-12.1pp |
| Annual return | 235.51% | 21.18%+214.3pp | 25.88%+209.6pp | 28.90%+206.6pp |
| Employer contribution / active EE | $1,548 | $1,676-7.7% | $2,428-36.3% | $2,042-24.2% |
| Participant deferral / active EE | $3,207 | $3,103+3.3% | $3,706-13.5% | $3,169+1.2% |
| Admin fee / account holder | $195 | $440-55.7% | $5,608-96.5% | $479-59.4% |