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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $80,937 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $31,663 | $33,232-4.7% | $71,796-55.9% | $63,975-50.5% |
| Participation rate | 56.5% | 60.1%-3.6pp | 69.1%-12.6pp | 71.1%-14.6pp |
| Annual return | 6.62% | 11.99%-5.4pp | 78.04%-71.4pp | 48.65%-42.0pp |
| Employer contribution / active EE | $103 | $723-85.7% | $1,924-94.6% | $2,182-95.3% |
| Participant deferral / active EE | $2,057 | $1,604+28.2% | $2,794-26.4% | $3,356-38.7% |
| Admin fee / account holder | $90 | $63+42.3% | $4,815-98.1% | $70+28.3% |