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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 56-0898180 | Advisory (Plan) | $18,096 |
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $12,149 |
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.)
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 | $74,383 | $63,924+16.4% | $108,582-31.5% | $55,167+34.8% |
| Participation rate | 21.3% | 74.3%-53.0pp | 79.6%-58.2pp | 69.0%-47.7pp |
| Annual return | 8.56% | 15.31%-6.7pp | -51.70%+60.3pp | 169.23%-160.7pp |
| Employer contribution / active EE | $685 | $1,879-63.6% | $3,758-81.8% | $1,963-65.1% |
| Participant deferral / active EE | $997 | $3,067-67.5% | $4,311-76.9% | $3,054-67.3% |
| Admin fee / account holder | $546 | $618-11.6% | $7,645-92.9% | $504+8.4% |