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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $7,620 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $19,465 | $68,413-71.5% | $123,105-84.2% | $55,191-64.7% |
| Participation rate | 16.7% | 84.5%-67.8pp | 86.8%-70.1pp | 69.2%-52.5pp |
| Annual return | 0.37% | 6.30%-5.9pp | 13.22%-12.8pp | 10.78%-10.4pp |
| Employer contribution / active EE | $0 | $3,050-100.0% | $5,151-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $335 | $4,490-92.5% | $6,229-94.6% | $3,046-89.0% |
| Admin fee / account holder | $75 | $88-15.1% | $9,014-99.2% | $91-17.9% |