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.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $227,902 |
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 | $35,174 | $32,284+9.0% | $74,550-52.8% | $68,904-49.0% |
| Participation rate | 36.4% | 58.1%-21.7pp | 69.1%-32.8pp | 74.1%-37.8pp |
| Annual return | -4.68% | -4.24%-0.4pp | 32.53%-37.2pp | 1.07%-5.7pp |
| Employer contribution / active EE | $452 | $782-42.2% | $1,961-76.9% | $2,540-82.2% |
| Participant deferral / active EE | $1,346 | $1,518-11.3% | $3,108-56.7% | $4,015-66.5% |
| Admin fee / account holder | $70 | $72-2.5% | $5,060-98.6% | $71-1.4% |