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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $4,110 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $66,053 | $39,245+68.3% | $64,105+3.0% | $52,331+26.2% |
| Participation rate | 25.4% | 58.2%-32.9pp | 68.2%-42.8pp | 68.1%-42.8pp |
| Annual return | 0.15% | 14.79%-14.6pp | 791.24%-791.1pp | 4.54%-4.4pp |
| Employer contribution / active EE | $268 | $736-63.6% | $1,820-85.3% | $1,882-85.7% |
| Participant deferral / active EE | $909 | $1,992-54.4% | $2,822-67.8% | $3,022-69.9% |
| Admin fee / account holder | $368 | $592-38.0% | $4,499-91.8% | $592-37.9% |