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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $10,160 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $66,220 | $42,546+55.6% | $71,796-7.8% | $55,167+20.0% |
| Participation rate | 19.3% | 59.1%-39.8pp | 69.1%-49.8pp | 69.0%-49.7pp |
| Annual return | 7.00% | 12.36%-5.4pp | 78.04%-71.0pp | 169.23%-162.2pp |
| Employer contribution / active EE | $447 | $803-44.4% | $1,924-76.8% | $1,963-77.2% |
| Participant deferral / active EE | $781 | $2,064-62.2% | $2,794-72.0% | $3,054-74.4% |
| Admin fee / account holder | $653 | $650+0.5% | $4,815-86.4% | $504+29.5% |