Filed May 19, 2017 (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.5+ years Filed as: WELLS FARGO, BANK. N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $32,588 |
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO ADVISORS Service code 16 · EIN 34-1678801 | Consulting | $20,552 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $68,867 | $55,790+23.4% | $76,817-10.3% | $67,579+1.9% |
| Participation rate | 53.6% | 71.1%-17.5pp | 72.1%-18.5pp | 71.3%-17.7pp |
| Annual return | 24.42% | 64.45%-40.0pp | 1166.11%-1141.7pp | 378.56%-354.1pp |
| Employer contribution / active EE | $1,325 | $1,810-26.8% | $2,302-42.4% | $2,148-38.3% |
| Participant deferral / active EE | $2,370 | $2,875-17.6% | $3,336-29.0% | $3,539-33.0% |
| Admin fee / account holder | $302 | $159+90.0% | $6,420-95.3% | $142+112.5% |