Filed May 23, 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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $90,974 |
WELLS FARGO BANK, N.A.7+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $50,163 |
AMERICAN FUNDS3 years Filed as: NEWPORT CAPITAL GROUP Service code 27 · EIN 86-1109193 | Advisory (Plan) | $23,175 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MGMT LLC Service code 26 · EIN 36-4317381 | Advisory (Participants) | $4,059 |
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 | $79,425 | $104,317-23.9% | $159,436-50.2% | $86,799-8.5% |
| Participation rate | 69.4% | 77.7%-8.3pp | 82.8%-13.5pp | 72.3%-2.9pp |
| Annual return | 18.99% | 26.32%-7.3pp | 263.57%-244.6pp | 97.91%-78.9pp |
| Employer contribution / active EE | $3,070 | $3,451-11.0% | $4,829-36.4% | $2,405+27.6% |
| Participant deferral / active EE | $5,427 | $6,837-20.6% | $7,352-26.2% | $4,131+31.4% |
| Admin fee / account holder | $185 | $172+7.3% | $10,799-98.3% | $170+9.0% |