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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $18,962 |
Service code 37 · EIN 04-2647786 | Loan Processing | $944 |
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 | $83,953 | $49,138+70.8% | $84,023-0.1% | $65,186+28.8% |
| Participation rate | 31.3% | 60.7%-29.5pp | 69.0%-37.7pp | 70.2%-38.9pp |
| Annual return | 20.56% | 23.00%-2.4pp | 71.32%-50.8pp | 29.39%-8.8pp |
| Employer contribution / active EE | $138 | $914-84.9% | $1,984-93.0% | $2,177-93.6% |
| Participant deferral / active EE | $1,819 | $2,397-24.1% | $3,239-43.8% | $3,514-48.2% |
| Admin fee / account holder | $10 | $543-98.2% | $6,102-99.8% | $847-98.9% |