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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $6,848 |
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 | $4,939 | $65,877-92.5% | $115,038-95.7% | $69,651-92.9% |
| Participation rate | 0.9% | 58.1%-57.3pp | 81.4%-80.5pp | 66.6%-65.7pp |
| Annual return | 2.31% | 6.03%-3.7pp | 26.14%-23.8pp | 53.77%-51.5pp |
| Employer contribution / active EE | $0 | $1,712-100.0% | $4,608-100.0% | $2,241-100.0% |
| Participant deferral / active EE | $23 | $4,216-99.5% | $6,026-99.6% | $3,635-99.4% |
| Admin fee / account holder | $36 | $77-53.4% | $8,175-99.6% | $63-43.0% |