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| Provider | Service type | Compensation |
|---|---|---|
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $28,474 |
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 56-0276690 | Advisory (Plan) | $0 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS PCG Service code 27 | Advisory (Plan) | $0 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $74,201 | $35,485+109.1% | $74,551-0.5% | $55,725+33.2% |
| Participation rate | 31.5% | 62.5%-31.0pp | 69.1%-37.6pp | 70.9%-39.3pp |
| Annual return | -3.48% | 0.72%-4.2pp | 32.53%-36.0pp | 244.93%-248.4pp |
| Employer contribution / active EE | $465 | $777-40.2% | $1,961-76.3% | $2,078-77.6% |
| Participant deferral / active EE | $1,632 | $2,181-25.2% | $3,108-47.5% | $3,356-51.4% |
| Admin fee / account holder | $435 | $114+280.1% | $5,059-91.4% | $115+277.3% |