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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840 | Advisory (Plan) | $17,534 |
Service code 37 · EIN 04-2647786 | Loan Processing | $419 |
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.
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 | $57,886 | $62,928-8.0% | $172,753-66.5% | $67,582-14.3% |
| Participation rate | 30.2% | 64.5%-34.2pp | 82.6%-52.4pp | 71.3%-41.1pp |
| Annual return | 23.90% | 30.36%-6.5pp | 803.00%-779.1pp | 378.57%-354.7pp |
| Employer contribution / active EE | $159 | $1,636-90.3% | $5,144-96.9% | $2,148-92.6% |
| Participant deferral / active EE | $1,905 | $2,145-11.2% | $5,198-63.4% | $3,539-46.2% |
| Admin fee / account holder | $153 | $167-7.9% | $13,956-98.9% | $142+7.8% |