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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840 | Advisory (Plan) | $17,558 |
Service code 37 · EIN 04-2647786 | Loan Processing | $250 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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 | $43,837 | $37,196+17.9% | $154,108-71.6% | $55,725-21.3% |
| Participation rate | 30.3% | 64.1%-33.8pp | 83.0%-52.7pp | 70.9%-40.5pp |
| Annual return | -6.43% | 1319.68%-1326.1pp | 735.21%-741.6pp | 244.93%-251.4pp |
| Employer contribution / active EE | $167 | $1,614-89.7% | $5,298-96.9% | $2,078-92.0% |
| Participant deferral / active EE | $1,801 | $2,068-12.9% | $5,081-64.5% | $3,356-46.3% |
| Admin fee / account holder | $147 | $102+44.9% | $13,411-98.9% | $115+27.8% |