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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $26,978 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $4,718 | $41,774-88.7% | $118,946-96.0% | $90,274-94.8% |
| Participation rate | 99.1% | 55.0%+44.1pp | 75.4%+23.7pp | 73.4%+25.8pp |
| Annual return | 19.49% | 16.64%+2.9pp | 35.89%-16.4pp | 53.97%-34.5pp |
| Employer contribution / active EE | $1,476 | $986+49.8% | $3,263-54.8% | $2,523-41.5% |
| Participant deferral / active EE | $471 | $1,683-72.0% | $4,266-89.0% | $4,231-88.9% |
| Admin fee / account holder | $13 | $85-84.2% | $6,581-99.8% | $114-88.3% |