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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $7,640 |
WELLS FARGO BANK, N.A.2 years Service code 15 · EIN 94-3250323 | Recordkeeping | $3,840 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,171 | $78,339-51.3% | $85,682-55.5% | $93,030-59.0% |
| Participation rate | 35.8% | 72.5%-36.7pp | 69.9%-34.0pp | 73.9%-38.1pp |
| Annual return | 16.01% | 21.17%-5.2pp | 21.49%-5.5pp | 158.70%-142.7pp |
| Employer contribution / active EE | $343 | $2,560-86.6% | $2,618-86.9% | $2,706-87.3% |
| Participant deferral / active EE | $1,327 | $3,882-65.8% | $3,923-66.2% | $4,562-70.9% |
| Admin fee / account holder | $21 | $104-80.2% | $6,873-99.7% | $152-86.5% |