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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $24,562 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $32,892 | $225,135-85.4% | $123,894-73.5% | - |
| Participation rate | 100.0% | 69.5%+30.5pp | 81.4%+18.6pp | - |
| Annual return | 8.82% | 8.01%+0.8pp | 47.52%-38.7pp | - |
| Employer contribution / active EE | $1,927 | $2,580-25.3% | $4,617-58.3% | - |
| Participant deferral / active EE | $2,327 | $4,315-46.1% | $5,984-61.1% | - |
| Admin fee / account holder | $189 | $19,833-99.0% | $8,357-97.7% | - |