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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $19,124 |
Service code 37 · EIN 04-2647786 | Loan Processing | $1,008 |
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.
Annual investment return 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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $87,226 | $54,573+59.8% | $90,970-4.1% | $73,497+18.7% |
| Participation rate | 33.5% | 61.2%-27.7pp | 69.0%-35.5pp | 70.7%-37.2pp |
| Annual return | 9.59% | 16.69%-7.1pp | 134.60%-125.0pp | 28.51%-18.9pp |
| Employer contribution / active EE | $144 | $991-85.4% | $2,122-93.2% | $2,270-93.6% |
| Participant deferral / active EE | $2,117 | $2,517-15.9% | $3,373-37.2% | $3,740-43.4% |
| Admin fee / account holder | $10 | $521-98.1% | $5,961-99.8% | $513-98.1% |