Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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.6 years Filed as: WELLS FARGO ADVISORS FINANCIAL Service code 55 1 N JEFFERSON AVE · SAINT LOUIS, MO 631032254 | Other Commissions | $51,786 |
Service code 15 · EIN 48-1205033 | Recordkeeping | $30,041 |
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 · EIN 82-3719843 | Contract Administrator | $16,900 |
Service code 13 35 E WACKER DR STE 2400 · CHICAGO, IL 606012310 | Contract Administrator | $3,082 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,457 | $66,457-55.7% | $81,438-63.8% | $77,671-62.1% |
| Participation rate | 55.4% | 68.7%-13.3pp | 69.5%-14.1pp | 70.6%-15.2pp |
| Annual return | 13.42% | 15.93%-2.5pp | 24.74%-11.3pp | 31.21%-17.8pp |
| Employer contribution / active EE | $946 | $2,159-56.2% | $2,460-61.6% | $2,726-65.3% |
| Participant deferral / active EE | $1,545 | $3,679-58.0% | $3,883-60.2% | $4,648-66.8% |
| Admin fee / account holder | $182 | $583-68.7% | $5,764-96.8% | $430-57.7% |