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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $18,851 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $49,662 | $64,909-23.5% | $82,312-39.7% | $62,293-20.3% |
| Participation rate | 27.7% | 74.9%-47.2pp | 76.9%-49.2pp | 69.5%-41.9pp |
| Annual return | 6.51% | 21.18%-14.7pp | 25.88%-19.4pp | 28.90%-22.4pp |
| Employer contribution / active EE | $0 | $1,676-100.0% | $2,428-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $851 | $3,103-72.6% | $3,706-77.0% | $3,169-73.2% |
| Admin fee / account holder | $370 | $440-15.9% | $5,608-93.4% | $479-22.9% |