Filed December 18, 2023 (most recent of 4 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.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $263,259 |
ELLWOOD ASSOCIATES2+ years Filed as: JH ELLWOOD Service code 16 · EIN 36-3121777 | Consulting | $37,956 |
UHY LLP2+ years Filed as: UHY ADVISORS Service code 10 · EIN 20-0694403 | Accounting | $18,168 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $88,075 | $38,833+126.8% | $78,778+11.8% | $77,958+13.0% |
| Participation rate | 58.0% | 60.9%-2.9pp | 69.2%-11.2pp | 71.6%-13.6pp |
| Annual return | 13.25% | 20.31%-7.1pp | 35.62%-22.4pp | 20.87%-7.6pp |
| Employer contribution / active EE | $1,178 | $840+40.4% | $1,986-40.7% | $2,310-49.0% |
| Participant deferral / active EE | $2,911 | $1,776+63.9% | $2,958-1.6% | $3,537-17.7% |
| Admin fee / account holder | $130 | $89+45.5% | $5,134-97.5% | $97+33.0% |