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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO BANK, N. A. Service code 15 · EIN 94-1247393 | Recordkeeping | $40,499 |
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS WBS Service code 27 · EIN 56-0898180 | Advisory (Plan) | $0 |
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.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $33,739 | $76,551-55.9% | $123,894-72.8% | $62,881-46.3% |
| Participation rate | 74.0% | 73.0%+1.0pp | 81.4%-7.5pp | 69.3%+4.7pp |
| Annual return | 6.59% | 18.68%-12.1pp | 47.52%-40.9pp | 20.14%-13.6pp |
| Employer contribution / active EE | $1,240 | $2,882-57.0% | $4,617-73.1% | $2,281-45.6% |
| Participant deferral / active EE | $2,017 | $4,840-58.3% | $5,984-66.3% | $3,203-37.0% |
| Admin fee / account holder | $539 | $4,826-88.8% | $8,357-93.6% | $4,296-87.5% |