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.1 year Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393 | Recordkeeping | $49,460 |
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $108,639 | $136,307-20.3% | $177,821-38.9% | $73,488+47.8% |
| Participation rate | 99.5% | 86.1%+13.4pp | 87.7%+11.8pp | 70.7%+28.8pp |
| Annual return | 14.67% | 18.68%-4.0pp | 48.32%-33.7pp | 28.51%-13.8pp |
| Employer contribution / active EE | $2,991 | $3,712-19.4% | $5,918-49.5% | $2,270+31.7% |
| Participant deferral / active EE | $6,654 | $5,829+14.2% | $7,714-13.7% | $3,740+77.9% |
| Admin fee / account holder | $199 | $596-66.6% | $12,427-98.4% | $513-61.2% |