Filed February 23, 2022
See peer percentile detail. $4.99 for your first month.
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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 15 · EIN 13-3689044 | Recordkeeping | $24,536 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SVCS LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $20,581 |
EDBERG & PERRY INC2+ years Service code 15 · EIN 86-0738258 | Recordkeeping | $12,475 |
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS LLC Service code 22 | Insurance Broker | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $23,207 | $81,537-71.5% | $149,718-84.5% | $69,631-66.7% |
| Participation rate | 79.0% | 86.1%-7.1pp | 87.1%-8.1pp | 70.7%+8.3pp |
| Annual return | 32.81% | 22.79%+10.0pp | 1501.63%-1468.8pp | 27571.02%-27538.2pp |
| Employer contribution / active EE | $0 | $3,239-100.0% | $5,445-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $4,845 | $4,994-3.0% | $6,569-26.2% | $3,224+50.3% |
| Admin fee / account holder | $243 | $107+127.5% | $11,283-97.8% | $110+120.1% |