Filed May 9, 2019
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 Filed as: WELLS FARGO BANK NA Service code 15 · EIN 94-1347393 | Recordkeeping | $346,097 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $89,715 | $176,491-49.2% | $95,952-6.5% | $90,288-0.6% |
| Participation rate | 68.4% | 86.6%-18.2pp | 77.1%-8.7pp | 73.4%-5.0pp |
| Annual return | 18.45% | 20.14%-1.7pp | 91.61%-73.2pp | 53.97%-35.5pp |
| Employer contribution / active EE | $1,799 | $2,789-35.5% | $2,541-29.2% | $2,524-28.7% |
| Participant deferral / active EE | $3,710 | $5,340-30.5% | $4,167-11.0% | $4,232-12.3% |
| Admin fee / account holder | $88 | $154-42.6% | $6,795-98.7% | $114-22.4% |