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.9 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 36-4019175 | Advisory (Plan) | $43,627 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $32,423 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $175,866 | $87,870+100.1% | $113,168+55.4% | $74,304+136.7% |
| Participation rate | 98.2% | 70.7%+27.4pp | 76.6%+21.6pp | 60.3%+37.8pp |
| Annual return | 12.93% | 26.44%-13.5pp | 24.27%-11.3pp | 29.43%-16.5pp |
| Employer contribution / active EE | $2,025 | $2,277-11.1% | $2,975-31.9% | $2,241-9.7% |
| Participant deferral / active EE | $7,927 | $4,241+86.9% | $5,107+55.2% | $3,767+110.4% |
| Admin fee / account holder | $460 | $3,368-86.3% | $12,068-96.2% | $2,969-84.5% |