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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $36,864 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $111,621 | $57,384+94.5% | $106,387+4.9% | $56,289+98.3% |
| Participation rate | 52.4% | 71.3%-18.9pp | 77.5%-25.0pp | 69.9%-17.4pp |
| Annual return | -3.40% | 5.91%-9.3pp | 0.25%-3.7pp | -9.96%+6.6pp |
| Employer contribution / active EE | $1,477 | $2,348-37.1% | $3,520-58.0% | $2,111-30.0% |
| Participant deferral / active EE | $3,418 | $3,799-10.0% | $5,421-37.0% | $3,350+2.0% |
| Admin fee / account holder | $425 | $566-25.0% | $7,510-94.3% | $521-18.5% |