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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $3,248 |
Service code 37 · EIN 04-2647786 | Loan Processing | $2,625 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $28,854 | $58,726-50.9% | $92,240-68.7% | $62,293-53.7% |
| Participation rate | 68.0% | 68.3%-0.4pp | 76.5%-8.5pp | 69.5%-1.5pp |
| Annual return | 14.49% | 43.62%-29.1pp | 176.29%-161.8pp | 28.90%-14.4pp |
| Employer contribution / active EE | $750 | $2,392-68.6% | $3,680-79.6% | $2,042-63.3% |
| Participant deferral / active EE | $1,349 | $2,766-51.2% | $3,897-65.4% | $3,169-57.4% |
| Admin fee / account holder | $24 | $556-95.8% | $5,194-99.5% | $479-95.1% |