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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $21,070 |
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 | $53,380 | $65,376-18.3% | $87,102-38.7% | $65,185-18.1% |
| Participation rate | 25.9% | 75.3%-49.4pp | 76.9%-50.9pp | 70.2%-44.3pp |
| Annual return | 4.81% | 31.27%-26.5pp | 28.19%-23.4pp | 29.38%-24.6pp |
| Employer contribution / active EE | $0 | $1,822-100.0% | $2,521-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $1,173 | $3,388-65.4% | $4,048-71.0% | $3,514-66.6% |
| Admin fee / account holder | $390 | $520-24.9% | $7,491-94.8% | $847-53.9% |