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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $1,330 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $6,217 | $72,770-91.5% | $67,652-90.8% | $55,191-88.7% |
| Participation rate | 58.0% | 78.8%-20.8pp | 75.7%-17.7pp | 69.2%-11.2pp |
| Annual return | 0.00% | -3.26%+3.3pp | 6625.40%-6625.4pp | 10.78%-10.8pp |
| Employer contribution / active EE | $0 | $1,769-100.0% | $2,266-100.0% | $1,899-100.0% |
| Participant deferral / active EE | $503 | $3,408-85.2% | $3,560-85.9% | $3,046-83.5% |
| Admin fee / account holder | $4 | $79-95.5% | $4,821-99.9% | $91-96.1% |