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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2 years Service code 15 · EIN 94-1347393 299 SOUTH MAIN, 5TH FLOOR · SALT LAKE CITY, UT 84111 | Recordkeeping | $24,163 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $130,400 | $85,171+53.1% | $172,753-24.5% | $72,976+78.7% |
| Participation rate | 77.5% | 70.1%+7.4pp | 82.6%-5.1pp | 69.5%+8.0pp |
| Annual return | 19.74% | 27.32%-7.6pp | 803.00%-783.3pp | 81.02%-61.3pp |
| Employer contribution / active EE | $11,807 | $3,324+255.2% | $5,144+129.5% | $2,440+383.9% |
| Participant deferral / active EE | $2,729 | $3,260-16.3% | $5,198-47.5% | $3,608-24.3% |
| Admin fee / account holder | $340 | $5,880-94.2% | $13,956-97.6% | $5,124-93.4% |