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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $15,873 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $67,070 | $60,165+11.5% | $74,184-9.6% | $55,167+21.6% |
| Participation rate | 31.0% | 74.2%-43.2pp | 76.6%-45.6pp | 69.0%-38.0pp |
| Annual return | 4.56% | 10.00%-5.4pp | 17.74%-13.2pp | 169.23%-164.7pp |
| Employer contribution / active EE | $0 | $1,600-100.0% | $2,370-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $2,685 | $2,973-9.7% | $3,550-24.4% | $3,054-12.1% |
| Admin fee / account holder | $314 | $419-25.0% | $5,586-94.4% | $504-37.6% |