Filed October 21, 2015 (most recent of 3 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.8 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175 | Advisory (Plan) | $41,581 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $33,588 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $163,004 | $79,171+105.9% | $102,423+59.1% | $74,495+118.8% |
| Participation rate | 98.2% | 74.8%+23.4pp | 76.5%+21.7pp | 67.2%+31.0pp |
| Annual return | 26.51% | 54.93%-28.4pp | 29.32%-2.8pp | 1364.94%-1338.4pp |
| Employer contribution / active EE | $1,866 | $2,362-21.0% | $3,023-38.3% | $2,623-28.9% |
| Participant deferral / active EE | $7,286 | $4,415+65.0% | $5,053+44.2% | $4,346+67.7% |
| Admin fee / account holder | $476 | $2,001-76.2% | $9,451-95.0% | $1,942-75.5% |