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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $13,929 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $75,763 | $57,108+32.7% | $94,229-19.6% | $52,331+44.8% |
| Participation rate | 45.7% | 72.9%-27.2pp | 78.8%-33.1pp | 68.1%-22.4pp |
| Annual return | -0.59% | 1.47%-2.1pp | 10.68%-11.3pp | 4.54%-5.1pp |
| Employer contribution / active EE | $456 | $1,735-73.7% | $3,587-87.3% | $1,882-75.8% |
| Participant deferral / active EE | $1,179 | $3,040-61.2% | $4,320-72.7% | $3,022-61.0% |
| Admin fee / account holder | $402 | $546-26.4% | $6,269-93.6% | $592-32.0% |