Filed April 16, 2020
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.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $295,588 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $35,755 | $31,036+15.2% | $71,796-50.2% | $65,292-45.2% |
| Participation rate | 39.7% | 56.1%-16.3pp | 69.1%-29.4pp | 72.4%-32.7pp |
| Annual return | 7.51% | 8.62%-1.1pp | 78.04%-70.5pp | 11.84%-4.3pp |
| Employer contribution / active EE | $587 | $662-11.3% | $1,924-69.5% | $2,302-74.5% |
| Participant deferral / active EE | $1,556 | $1,336+16.4% | $2,794-44.3% | $3,579-56.5% |
| Admin fee / account holder | $84 | $65+29.7% | $4,815-98.3% | $57+46.7% |