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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $8,057 |
Service code 37 · EIN 04-2647786 | Loan Processing | $725 |
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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $33,803 | $60,165-43.8% | $74,184-54.4% | $55,167-38.7% |
| Participation rate | 33.5% | 74.2%-40.7pp | 76.6%-43.1pp | 69.0%-35.5pp |
| Annual return | 8.23% | 10.00%-1.8pp | 17.74%-9.5pp | 169.23%-161.0pp |
| Employer contribution / active EE | $476 | $1,600-70.3% | $2,370-79.9% | $1,963-75.8% |
| Participant deferral / active EE | $749 | $2,973-74.8% | $3,550-78.9% | $3,054-75.5% |
| Admin fee / account holder | $10 | $419-97.6% | $5,586-99.8% | $504-98.0% |