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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO Service code 15 · EIN 94-1347393 | Recordkeeping | $27,278 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $64,393 | $57,108+12.8% | $94,229-31.7% | $52,331+23.0% |
| Participation rate | 59.0% | 72.9%-13.9pp | 78.8%-19.7pp | 68.1%-9.1pp |
| Annual return | -0.25% | 1.47%-1.7pp | 10.68%-10.9pp | 4.54%-4.8pp |
| Employer contribution / active EE | $972 | $1,735-44.0% | $3,587-72.9% | $1,882-48.3% |
| Participant deferral / active EE | $4,129 | $3,040+35.8% | $4,320-4.4% | $3,022+36.6% |
| Admin fee / account holder | $300 | $546-45.1% | $6,269-95.2% | $592-49.3% |