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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $13,582 |
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 | $18,088 | $88,515-79.6% | $162,177-88.8% | $67,579-73.2% |
| Participation rate | 31.9% | 86.8%-54.9pp | 87.6%-55.6pp | 71.3%-39.3pp |
| Annual return | 21.26% | 27.04%-5.8pp | 115.60%-94.3pp | 378.56%-357.3pp |
| Employer contribution / active EE | $0 | $3,563-100.0% | $5,613-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $587 | $5,724-89.7% | $7,297-91.9% | $3,539-83.4% |
| Admin fee / account holder | $65 | $124-47.7% | $10,843-99.4% | $142-54.5% |