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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 12 6005 PLUMAS ST STE 200 · RENO, NV 89519 | Direct payment from the plan; Claims ... | $6,886 |
Service code 12 · EIN 48-1205033 | Recordkeeping fees; Sub-transfer agen... | $2,825 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $13,528 | $42,548-68.2% | $74,551-81.9% | $56,289-76.0% |
| Participation rate | 22.1% | 60.5%-38.4pp | 69.1%-47.1pp | 69.9%-47.8pp |
| Annual return | -4.94% | 12.40%-17.3pp | 32.53%-37.5pp | -9.96%+5.0pp |
| Employer contribution / active EE | $0 | $855-100.0% | $1,961-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $606 | $2,277-73.4% | $3,108-80.5% | $3,350-81.9% |
| Admin fee / account holder | $47 | $467-89.9% | $5,059-99.1% | $521-90.9% |