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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $2,805 |
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.
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 | $9,182 | $31,810-71.1% | $64,105-85.7% | $59,188-84.5% |
| Participation rate | 12.9% | 57.7%-44.8pp | 68.2%-55.2pp | 69.4%-56.5pp |
| Annual return | 58.07% | 9.41%+48.7pp | 791.24%-733.2pp | 5.51%+52.6pp |
| Employer contribution / active EE | $312 | $659-52.7% | $1,820-82.9% | $2,098-85.1% |
| Participant deferral / active EE | $581 | $1,582-63.3% | $2,822-79.4% | $3,265-82.2% |
| Admin fee / account holder | $9 | $57-83.7% | $4,499-99.8% | $92-90.0% |