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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $8,449 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $47,193 | $52,467-10.1% | $57,196-17.5% | $55,167-14.5% |
| Participation rate | 27.8% | 75.8%-48.1pp | 75.3%-47.6pp | 69.0%-41.2pp |
| Annual return | 0.08% | 7.72%-7.6pp | 14.59%-14.5pp | 169.23%-169.2pp |
| Employer contribution / active EE | $0 | $2,477-100.0% | $2,683-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $862 | $2,830-69.5% | $3,096-72.2% | $3,054-71.8% |
| Admin fee / account holder | $217 | $269-19.2% | $3,141-93.1% | $504-56.8% |