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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $19,595 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS WBS Service code 27 | Advisory (Plan) | $5,746 |
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 56-0898180 | Advisory (Plan) | $0 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $23,738 | $64,909-63.4% | $82,312-71.2% | $62,293-61.9% |
| Participation rate | 51.4% | 74.9%-23.5pp | 76.9%-25.5pp | 69.5%-18.1pp |
| Annual return | 13.85% | 21.18%-7.3pp | 25.88%-12.0pp | 28.90%-15.0pp |
| Employer contribution / active EE | $0 | $1,676-100.0% | $2,428-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,108 | $3,103-64.3% | $3,706-70.1% | $3,169-65.0% |
| Admin fee / account holder | $272 | $440-38.0% | $5,608-95.1% | $479-43.2% |