Filed January 11, 2023
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $10,735 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $26,046 | $67,598-61.5% | $75,886-65.7% | $77,787-66.5% |
| Participation rate | 36.0% | 69.6%-33.5pp | 69.3%-33.3pp | 73.2%-37.2pp |
| Annual return | 0.00% | 23.18%-23.2pp | 30.76%-30.8pp | 32.57%-32.6pp |
| Employer contribution / active EE | $284 | $2,430-88.3% | $2,500-88.6% | $2,504-88.6% |
| Participant deferral / active EE | $1,066 | $3,502-69.6% | $3,603-70.4% | $3,967-73.1% |
| Admin fee / account holder | $18 | $96-81.8% | $5,418-99.7% | $100-82.5% |