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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS INS AGENCY LLC Service code 26 · EIN 54-0910269 3201 NORTH 4TH AVENUE · SIOUX FALLS, SD 571040700 | Advisory (Participants) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $24,756 | $33,067-25.1% | $76,518-67.6% | $56,289-56.0% |
| Participation rate | 62.6% | 55.4%+7.2pp | 68.0%-5.4pp | 69.9%-7.3pp |
| Annual return | -4.63% | 2.72%-7.3pp | -0.27%-4.4pp | -9.96%+5.3pp |
| Employer contribution / active EE | $1,267 | $1,200+5.6% | $2,647-52.1% | $2,111-40.0% |
| Participant deferral / active EE | $2,428 | $2,240+8.4% | $3,836-36.7% | $3,350-27.5% |
| Admin fee / account holder | $37 | $537-93.1% | $4,849-99.2% | $521-92.9% |