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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 99 · EIN 34-1542819 | Other Fees | $19,780 |
Service code 27 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 061991268 | Advisory (Plan) | $3,745 |
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.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,918 | $83,023-21.8% | $102,437-36.6% | $77,762-16.5% |
| Participation rate | 21.6% | 71.5%-49.9pp | 74.5%-52.9pp | 70.6%-49.0pp |
| Annual return | 11.67% | 19.12%-7.4pp | 24.95%-13.3pp | 31.27%-19.6pp |
| Employer contribution / active EE | $762 | $3,552-78.6% | $3,871-80.3% | $2,728-72.1% |
| Participant deferral / active EE | $1,307 | $4,110-68.2% | $5,060-74.2% | $4,651-71.9% |
| Admin fee / account holder | $78 | $639-87.9% | $8,388-99.1% | $433-82.1% |