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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 99 · EIN 34-1542819 | Other Fees | $25,895 |
Service code 26 · EIN 71-0294708 P.O. BOX 990067 · HARTFORD, CT 061991268 | Advisory (Participants) | $3,237 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,200 | $93,010-28.8% | $96,515-31.4% | $74,460-11.1% |
| Participation rate | 24.0% | 71.6%-47.5pp | 74.3%-50.3pp | 70.7%-46.7pp |
| Annual return | 17.32% | 37.50%-20.2pp | 35.73%-18.4pp | 34.38%-17.1pp |
| Employer contribution / active EE | $782 | $3,427-77.2% | $3,740-79.1% | $2,638-70.4% |
| Participant deferral / active EE | $1,447 | $3,971-63.6% | $4,880-70.4% | $4,530-68.1% |
| Admin fee / account holder | $65 | $633-89.7% | $6,735-99.0% | $348-81.3% |