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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $8,956 |
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $8,224 |
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 | $13,698 | $73,404-81.3% | $87,104-84.3% | $67,579-79.7% |
| Participation rate | 51.7% | 80.9%-29.2pp | 76.9%-25.2pp | 71.3%-19.6pp |
| Annual return | 22.60% | 48.29%-25.7pp | 28.19%-5.6pp | 378.56%-356.0pp |
| Employer contribution / active EE | $0 | $2,014-100.0% | $2,521-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $1,856 | $3,913-52.6% | $4,048-54.1% | $3,539-47.5% |
| Admin fee / account holder | $58 | $142-58.9% | $7,491-99.2% | $142-59.1% |