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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 99 · EIN 34-1542819 | Other Fees | $24,174 |
Service code 26 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 061991268 | Advisory (Participants) | $3,022 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $55,565 | $64,176-13.4% | $112,249-50.5% | $66,938-17.0% |
| Participation rate | 27.9% | 68.4%-40.6pp | 75.1%-47.2pp | 69.8%-41.9pp |
| Annual return | -17.89% | -13.80%-4.1pp | 27.48%-45.4pp | 1.58%-19.5pp |
| Employer contribution / active EE | $921 | $3,007-69.4% | $3,636-74.7% | $2,545-63.8% |
| Participant deferral / active EE | $1,709 | $3,694-53.7% | $4,729-63.9% | $4,238-59.7% |
| Admin fee / account holder | $68 | $626-89.1% | $6,412-98.9% | $594-88.5% |