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.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $365,330 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $37,232 | $37,026+0.6% | $78,778-52.7% | $177,276-79.0% |
| Participation rate | 34.8% | 54.2%-19.4pp | 69.2%-34.4pp | 74.8%-40.0pp |
| Annual return | -12.02% | 16.20%-28.2pp | 35.62%-47.6pp | 21.25%-33.3pp |
| Employer contribution / active EE | $647 | $730-11.4% | $1,986-67.4% | $2,479-73.9% |
| Participant deferral / active EE | $1,682 | $1,412+19.2% | $2,958-43.1% | $3,881-56.7% |
| Admin fee / account holder | $120 | $77+56.9% | $5,134-97.7% | $154-22.1% |