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 | $1,631 |
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.
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 | $18,767 | $50,385-62.8% | $75,670-75.2% | $62,292-69.9% |
| Participation rate | 16.1% | 67.7%-51.6pp | 72.3%-56.2pp | 69.5%-53.4pp |
| Annual return | 20.26% | 19.90%+0.4pp | 27.34%-7.1pp | 28.90%-8.6pp |
| Employer contribution / active EE | $0 | $1,537-100.0% | $2,352-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $385 | $2,445-84.2% | $3,142-87.7% | $3,169-87.8% |
| Admin fee / account holder | $93 | $384-75.7% | $5,800-98.4% | $479-80.5% |