Filed January 11, 2024
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.8 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 11682 EL CAMINO REAL STE 11 · SAN DIEGO, CA 921302092 | Advisory (Plan) | $76,264 |
CPI QUALIFIED PLAN CONSULTANTS, INC10+ years Service code 15 · EIN 48-1205033 | Recordkeeping | $70,895 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $68,899 | $106,028-35.0% | $146,958-53.1% | $77,643-11.3% |
| Participation rate | 95.3% | 78.4%+16.9pp | 82.2%+13.1pp | 70.6%+24.7pp |
| Annual return | 14.42% | 56.73%-42.3pp | 418.34%-403.9pp | 31.24%-16.8pp |
| Employer contribution / active EE | $3,932 | $4,063-3.2% | $4,933-20.3% | $2,726+44.2% |
| Participant deferral / active EE | $14,532 | $7,990+81.9% | $8,070+80.1% | $4,647+212.7% |
| Admin fee / account holder | $327 | $337-3.1% | $12,998-97.5% | $430-24.0% |