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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $49,308 |
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).
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 | $19,448 | $25,165-22.7% | $73,550-73.6% | $77,958-75.1% |
| Participation rate | 33.3% | 36.6%-3.4pp | 54.9%-21.7pp | 71.6%-38.4pp |
| Annual return | 19.17% | 18.12%+1.0pp | -15.16%+34.3pp | 20.87%-1.7pp |
| Employer contribution / active EE | $226 | $395-42.8% | $1,219-81.4% | $2,310-90.2% |
| Participant deferral / active EE | $754 | $898-16.1% | $1,804-58.2% | $3,537-78.7% |
| Admin fee / account holder | $72 | $76-4.7% | $2,320-96.9% | $97-25.8% |