Filed September 6, 2022
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 |
|---|---|---|
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $48,293 |
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $25,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $56,224 | $53,925+4.3% | $75,670-25.7% | $69,631-19.3% |
| Participation rate | 47.3% | 71.2%-23.9pp | 72.3%-25.0pp | 70.7%-23.4pp |
| Annual return | 21.19% | 17.84%+3.4pp | 27.34%-6.2pp | 27571.02%-27549.8pp |
| Employer contribution / active EE | $673 | $1,802-62.6% | $2,352-71.4% | $2,032-66.9% |
| Participant deferral / active EE | $2,860 | $2,569+11.3% | $3,142-9.0% | $3,224-11.3% |
| Admin fee / account holder | $233 | $97+139.6% | $5,800-96.0% | $110+110.7% |