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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $40 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $7,802 | $59,328-86.8% | $118,946-93.4% | $73,493-89.4% |
| Participation rate | 19.6% | 62.3%-42.7pp | 75.4%-55.8pp | 70.7%-51.1pp |
| Annual return | 0.00% | 19.13%-19.1pp | 35.89%-35.9pp | 28.51%-28.5pp |
| Employer contribution / active EE | $8 | $1,803-99.6% | $3,263-99.8% | $2,270-99.7% |
| Participant deferral / active EE | $1,276 | $2,604-51.0% | $4,266-70.1% | $3,740-65.9% |
| Admin fee / account holder | $2 | $600-99.7% | $6,581-100.0% | $513-99.6% |