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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $19,915 |
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.)
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 | $52,836 | $59,186-10.7% | $76,768-31.2% | $56,287-6.1% |
| Participation rate | 19.9% | 75.2%-55.3pp | 77.0%-57.1pp | 69.9%-49.9pp |
| Annual return | 6.15% | 6.62%-0.5pp | 2.43%+3.7pp | -9.96%+16.1pp |
| Employer contribution / active EE | $0 | $1,759-100.0% | $2,485-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $686 | $3,255-78.9% | $3,852-82.2% | $3,350-79.5% |
| Admin fee / account holder | $383 | $489-21.7% | $6,675-94.3% | $521-26.5% |