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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS LLC Service code 26 · EIN 34-1542819 | Advisory (Participants) | $10,900 |
Service code 15 · EIN 01-0233346 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,615 | $65,092-62.2% | $143,799-82.9% | $66,938-63.2% |
| Participation rate | 41.3% | 65.2%-24.0pp | 80.3%-39.1pp | 69.8%-28.6pp |
| Annual return | -7.32% | -11.14%+3.8pp | -0.04%-7.3pp | 1.58%-8.9pp |
| Employer contribution / active EE | $0 | $2,362-100.0% | $4,952-100.0% | $2,545-100.0% |
| Participant deferral / active EE | $3,851 | $2,920+31.9% | $5,638-31.7% | $4,238-9.1% |
| Admin fee / account holder | $297 | $502-40.8% | $14,677-98.0% | $594-49.9% |