Filed May 24, 2024
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.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $459,917 |
AMERICAN FUNDS2+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 · EIN 41-1921960 | Advisory (Plan) | $30,000 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $43,335 | $117,928-63.3% | $77,999-44.4% | $65,292-33.6% |
| Participation rate | 88.3% | 85.6%+2.7pp | 75.5%+12.8pp | 72.4%+15.8pp |
| Annual return | 7.75% | 11.37%-3.6pp | 425.96%-418.2pp | 11.84%-4.1pp |
| Employer contribution / active EE | $1,861 | $3,999-53.5% | $2,470-24.7% | $2,302-19.2% |
| Participant deferral / active EE | $2,170 | $5,945-63.5% | $3,497-37.9% | $3,579-39.4% |
| Admin fee / account holder | $67 | $66+1.1% | $5,480-98.8% | $57+16.6% |