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.1 year Service code 15 · EIN 94-1347393 | Recordkeeping | $30,588 |
WELLS FARGO BANK, N.A.6+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1678801 | Advisory (Plan) | $21,520 |
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $3,313 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $87,879 | $61,473+43.0% | $81,930+7.3% | $73,409+19.7% |
| Participation rate | 46.9% | 72.4%-25.5pp | 72.0%-25.1pp | 72.2%-25.3pp |
| Annual return | 19.65% | 28.26%-8.6pp | 29.49%-9.8pp | 59.29%-39.6pp |
| Employer contribution / active EE | $1,274 | $1,898-32.9% | $4,310-70.4% | $2,234-43.0% |
| Participant deferral / active EE | $2,369 | $3,080-23.1% | $7,107-66.7% | $3,805-37.7% |
| Admin fee / account holder | $367 | $125+192.1% | $5,158-92.9% | $158+132.2% |