Filed December 8, 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.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 23-2384840 | Advisory (Plan) | $21,176 |
Service code 37 · EIN 04-2647786 | Loan Processing | $3,864 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,659 | $66,457-67.4% | $81,438-73.4% | $77,671-72.1% |
| Participation rate | 82.5% | 68.7%+13.8pp | 69.5%+13.0pp | 70.6%+12.0pp |
| Annual return | 16.85% | 15.93%+0.9pp | 24.74%-7.9pp | 31.21%-14.4pp |
| Employer contribution / active EE | $2,024 | $2,159-6.3% | $2,460-17.7% | $2,726-25.8% |
| Participant deferral / active EE | $3,953 | $3,679+7.4% | $3,883+1.8% | $4,648-15.0% |
| Admin fee / account holder | $62 | $583-89.3% | $5,764-98.9% | $430-85.5% |