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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 15 · EIN 34-1542819 | Recordkeeping | $7,682 |
ADP BROKER-DEALER2+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $3,145 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $11,664 | $60,165-80.6% | $74,184-84.3% | $55,167-78.9% |
| Participation rate | 64.7% | 74.2%-9.4pp | 76.6%-11.9pp | 69.0%-4.3pp |
| Annual return | 9.01% | 10.00%-1.0pp | 17.74%-8.7pp | 169.23%-160.2pp |
| Employer contribution / active EE | $292 | $1,600-81.8% | $2,370-87.7% | $1,963-85.1% |
| Participant deferral / active EE | $1,434 | $2,973-51.8% | $3,550-59.6% | $3,054-53.0% |
| Admin fee / account holder | $101 | $419-75.8% | $5,586-98.2% | $504-79.9% |