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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $124,420 |
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.)
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 | $14,948 | $23,224-35.6% | $71,086-79.0% | $55,725-73.2% |
| Participation rate | 27.8% | 37.9%-10.1pp | 54.7%-26.9pp | 70.9%-43.1pp |
| Annual return | -61.71% | -2.87%-58.8pp | 650.59%-712.3pp | 244.93%-306.6pp |
| Employer contribution / active EE | $1,122 | $436+157.2% | $1,088+3.2% | $2,078-46.0% |
| Participant deferral / active EE | $1,503 | $929+61.7% | $1,874-19.8% | $3,356-55.2% |
| Admin fee / account holder | $385 | $118+226.6% | $3,082-87.5% | $115+234.4% |