Filed April 24, 2023 (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.3+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $68,401 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $105,985 | $89,739+18.1% | $149,718-29.2% | $62,292+70.1% |
| Participation rate | 98.3% | 85.1%+13.2pp | 87.1%+11.2pp | 69.5%+28.8pp |
| Annual return | 14.83% | 21.01%-6.2pp | 1501.63%-1486.8pp | 28.90%-14.1pp |
| Employer contribution / active EE | $2,577 | $3,233-20.3% | $5,445-52.7% | $2,042+26.2% |
| Participant deferral / active EE | $6,064 | $4,797+26.4% | $6,569-7.7% | $3,169+91.4% |
| Admin fee / account holder | $331 | $551-39.9% | $11,283-97.1% | $479-30.9% |