Filed July 18, 2024 (most recent of 5 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 ADVISORS Service code 16 · EIN 34-1542819 | Consulting | $114,500 |
PRINCIPAL LIFE INSURANCE COMPANY5+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $104,725 |
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $75,398 | $105,247-28.4% | $87,100-13.4% | $77,787-3.1% |
| Participation rate | 97.7% | 85.8%+11.9pp | 76.9%+20.8pp | 73.2%+24.4pp |
| Annual return | 20.51% | 24.52%-4.0pp | 28.19%-7.7pp | 32.57%-12.1pp |
| Employer contribution / active EE | $649 | $2,895-77.6% | $2,521-74.3% | $2,504-74.1% |
| Participant deferral / active EE | $3,537 | $5,060-30.1% | $4,049-12.6% | $3,967-10.8% |
| Admin fee / account holder | $74 | $104-29.0% | $7,497-99.0% | $100-25.8% |