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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $10,117 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $6,306 |
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 | $80,350 | $54,573+47.2% | $90,970-11.7% | $73,493+9.3% |
| Participation rate | 20.3% | 61.2%-40.9pp | 69.0%-48.8pp | 70.7%-50.4pp |
| Annual return | 16.54% | 16.69%-0.1pp | 134.58%-118.0pp | 28.51%-12.0pp |
| Employer contribution / active EE | $445 | $991-55.1% | $2,122-79.0% | $2,270-80.4% |
| Participant deferral / active EE | $789 | $2,517-68.7% | $3,373-76.6% | $3,740-78.9% |
| Admin fee / account holder | $698 | $521+33.9% | $5,960-88.3% | $513+36.1% |