Filed April 5, 2018
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.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $998,401 |
Service code 16 · EIN 53-0181291 | Consulting | $11,182 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,467 | $100,179-62.6% | $84,015-55.4% | $89,569-58.2% |
| Participation rate | 93.1% | 54.1%+39.0pp | 69.0%+24.1pp | 69.6%+23.5pp |
| Annual return | 22.51% | 22.50%0pp | 71.31%-48.8pp | 34.56%-12.0pp |
| Employer contribution / active EE | $1,277 | $816+56.4% | $1,983-35.6% | $2,584-50.6% |
| Participant deferral / active EE | $3,380 | $1,459+131.6% | $3,239+4.4% | $4,220-19.9% |
| Admin fee / account holder | $58 | $72-19.0% | $6,101-99.0% | $72-18.4% |