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.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $457,419 |
AMERICAN FUNDS3+ 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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $45,424 | $2,226,388-98.0% | $91,001-50.1% | $177,276-74.4% |
| Participation rate | 96.6% | 85.1%+11.5pp | 75.6%+21.0pp | 74.8%+21.8pp |
| Annual return | 16.13% | 20.16%-4.0pp | 4.60%+11.5pp | 21.25%-5.1pp |
| Employer contribution / active EE | $2,405 | $4,139-41.9% | $2,456-2.1% | $2,479-3.0% |
| Participant deferral / active EE | $2,830 | $6,423-55.9% | $3,547-20.2% | $3,881-27.1% |
| Admin fee / account holder | $58 | $1,921-97.0% | $5,417-98.9% | $154-62.2% |