Filed May 6, 2012 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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.7+ years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 · EIN 23-2384840 | Other Commissions | $11,960 |
RAINER & COMPANY7+ years Service code 10 · EIN 23-2183936 | Accounting | $11,635 |
Service code 25 · EIN 04-2647786 | Directed Trustee | $4,023 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $79,603 | $49,451+61.0% | $79,550+0.1% | $66,914+19.0% |
| Participation rate | 41.2% | 61.3%-20.1pp | 69.5%-28.3pp | 69.8%-28.6pp |
| Annual return | -17.94% | 84.25%-102.2pp | 0.16%-18.1pp | 1.58%-19.5pp |
| Employer contribution / active EE | $307 | $1,266-75.7% | $2,413-87.3% | $2,544-87.9% |
| Participant deferral / active EE | $2,421 | $3,159-23.4% | $3,985-39.3% | $4,237-42.9% |
| Admin fee / account holder | $280 | $595-53.0% | $6,832-95.9% | $593-52.9% |