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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 55 | Other Commissions | $581 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $27,190 | $42,546-36.1% | $71,796-62.1% | $55,167-50.7% |
| Participation rate | 48.5% | 59.1%-10.6pp | 69.1%-20.6pp | 69.0%-20.5pp |
| Annual return | 7.74% | 12.36%-4.6pp | 78.04%-70.3pp | 169.23%-161.5pp |
| Employer contribution / active EE | $150 | $803-81.4% | $1,924-92.2% | $1,963-92.4% |
| Participant deferral / active EE | $1,691 | $2,064-18.1% | $2,794-39.5% | $3,054-44.6% |
| Admin fee / account holder | $13 | $650-98.0% | $4,815-99.7% | $504-97.4% |