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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO Service code 15 · EIN 94-1347393 | Recordkeeping | $25,980 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $62,636 | $63,924-2.0% | $108,582-42.3% | $55,167+13.5% |
| Participation rate | 55.6% | 74.3%-18.8pp | 79.6%-24.0pp | 69.0%-13.4pp |
| Annual return | 5.43% | 15.31%-9.9pp | -51.70%+57.1pp | 169.23%-163.8pp |
| Employer contribution / active EE | $940 | $1,879-50.0% | $3,758-75.0% | $1,963-52.1% |
| Participant deferral / active EE | $4,115 | $3,067+34.2% | $4,311-4.5% | $3,054+34.7% |
| Admin fee / account holder | $309 | $618-49.9% | $7,645-96.0% | $504-38.6% |