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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $96,302 |
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.)
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 | $97,780 | $155,795-37.2% | $136,297-28.3% | $69,631+40.4% |
| Participation rate | 55.6% | 75.2%-19.7pp | 81.9%-26.3pp | 70.7%-15.1pp |
| Annual return | 17.19% | 232464.33%-232447.1pp | 5156.19%-5139.0pp | 27571.02%-27553.8pp |
| Employer contribution / active EE | $1,831 | $2,991-38.8% | $4,696-61.0% | $2,032-9.9% |
| Participant deferral / active EE | $4,772 | $5,394-11.5% | $6,247-23.6% | $3,224+48.0% |
| Admin fee / account holder | $326 | $128+154.2% | $9,244-96.5% | $110+195.2% |