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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $16,234 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,200 |
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.
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 | $67,751 | $42,548+59.2% | $74,551-9.1% | $56,289+20.4% |
| Participation rate | 31.0% | 60.5%-29.5pp | 69.1%-38.1pp | 69.9%-38.8pp |
| Annual return | -0.22% | 12.40%-12.6pp | 32.53%-32.8pp | -9.96%+9.7pp |
| Employer contribution / active EE | $0 | $855-100.0% | $1,961-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $1,742 | $2,277-23.5% | $3,108-44.0% | $3,350-48.0% |
| Admin fee / account holder | $12 | $467-97.4% | $5,059-99.8% | $521-97.6% |