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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $34,388 |
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).
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 | $51,868 | $70,002-25.9% | $115,038-54.9% | $52,331-0.9% |
| Participation rate | 56.9% | 72.1%-15.2pp | 81.4%-24.5pp | 68.1%-11.2pp |
| Annual return | -1.50% | 4.04%-5.5pp | 26.14%-27.6pp | 4.54%-6.0pp |
| Employer contribution / active EE | $1,779 | $2,715-34.5% | $4,608-61.4% | $1,882-5.5% |
| Participant deferral / active EE | $4,278 | $4,920-13.0% | $6,026-29.0% | $3,022+41.5% |
| Admin fee / account holder | $336 | $566-40.7% | $8,175-95.9% | $592-43.2% |