Filed September 12, 2024
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.6+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $305,851 |
MILLER KAPLAN ARASE LLP5+ years Filed as: MILLER KAPLAN ARASE, LLP Service code 10 · EIN 95-2036255 | Accounting | $9,200 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $24,335 | $49,890-51.2% | $104,607-76.7% | $106,222-77.1% |
| Participation rate | 30.2% | 45.0%-14.8pp | 74.1%-43.9pp | 70.8%-40.6pp |
| Annual return | 22.22% | 18.07%+4.2pp | 340.46%-318.2pp | 21.69%+0.5pp |
| Employer contribution / active EE | $577 | $809-28.7% | $2,681-78.5% | $2,723-78.8% |
| Participant deferral / active EE | $861 | $1,699-49.3% | $3,740-77.0% | $4,600-81.3% |
| Admin fee / account holder | $58 | $56+3.8% | $6,473-99.1% | $78-25.5% |