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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $8,310 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,869 | $60,795-85.4% | $69,464-87.2% | $65,185-86.4% |
| Participation rate | 42.4% | 74.9%-32.4pp | 74.6%-32.2pp | 70.2%-27.8pp |
| Annual return | 0.46% | 17.46%-17.0pp | 28.98%-28.5pp | 29.38%-28.9pp |
| Employer contribution / active EE | $1,281 | $2,452-47.8% | $2,779-53.9% | $2,177-41.2% |
| Participant deferral / active EE | $0 | $3,162-100.0% | $3,536-100.0% | $3,514-100.0% |
| Admin fee / account holder | $78 | $314-75.2% | $3,840-98.0% | $847-90.8% |