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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $26,293 |
Participant 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.
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 | $58,143 | $99,957-41.8% | $149,745-61.2% | $73,497-20.9% |
| Participation rate | 95.3% | 75.7%+19.6pp | 82.5%+12.8pp | 70.7%+24.6pp |
| Annual return | 14.24% | 53.87%-39.6pp | 276.72%-262.5pp | 28.51%-14.3pp |
| Employer contribution / active EE | $3,614 | $3,191+13.3% | $4,646-22.2% | $2,270+59.2% |
| Participant deferral / active EE | $2,631 | $6,073-56.7% | $6,843-61.6% | $3,740-29.6% |
| Admin fee / account holder | $220 | $551-60.0% | $9,312-97.6% | $513-57.0% |