Filed January 11, 2024 (most recent of 2 filings on file)
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 Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840 | Advisory (Plan) | $81,472 |
Service code 37 · EIN 04-2647786 | Loan Processing | $52,673 |
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524 | Advisory (Plan) | $12,416 |
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 | $92,253 | $100,227-8.0% | $169,993-45.7% | $74,419+24.0% |
| Participation rate | 93.8% | 87.3%+6.5pp | 87.0%+6.8pp | 70.7%+23.1pp |
| Annual return | 19.65% | 66.08%-46.4pp | 53.37%-33.7pp | 34.38%-14.7pp |
| Employer contribution / active EE | $3,184 | $4,263-25.3% | $6,785-53.1% | $2,637+20.7% |
| Participant deferral / active EE | $7,560 | $7,143+5.8% | $10,408-27.4% | $4,528+66.9% |
| Admin fee / account holder | $221 | $234-5.6% | $12,815-98.3% | $348-36.4% |