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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $48,446 |
Filed as: NORTHEAST RETIREMENT SERVICES Service code 15 · EIN 04-2686260 | Recordkeeping | $6,555 |
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.)
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $282,422 | $70,667+299.7% | $123,105+129.4% | $52,331+439.7% |
| Participation rate | 60.7% | 83.7%-23.0pp | 86.8%-26.0pp | 68.1%-7.4pp |
| Annual return | -1.00% | 6.23%-7.2pp | 13.22%-14.2pp | 4.54%-5.5pp |
| Employer contribution / active EE | $6,824 | $2,946+131.6% | $5,151+32.5% | $1,882+262.6% |
| Participant deferral / active EE | $2,199 | $4,493-51.1% | $6,229-64.7% | $3,022-27.3% |
| Admin fee / account holder | $362 | $506-28.6% | $9,014-96.0% | $592-38.9% |