Filed June 4, 2024 (most recent of 4 filings on file)
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 93-0987232 | Advisory (Plan) | $36,833 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $27,201 |
WELLS FARGO BANK, N.A.2 years Service code 15 · EIN 94-1347393 | Recordkeeping | $14,288 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,231 | $50,956+39.8% | $96,562-26.2% | $86,799-17.9% |
| Participation rate | 65.7% | 65.2%+0.4pp | 69.8%-4.2pp | 72.3%-6.6pp |
| Annual return | 11.36% | 21.27%-9.9pp | 37.78%-26.4pp | 97.91%-86.5pp |
| Employer contribution / active EE | $1,789 | $1,111+61.0% | $2,356-24.1% | $2,405-25.6% |
| Participant deferral / active EE | $3,449 | $2,954+16.8% | $3,849-10.4% | $4,131-16.5% |
| Admin fee / account holder | $241 | $166+45.2% | $6,181-96.1% | $170+42.1% |