Filed January 22, 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 9-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 ADVISORS Service code 27 6005 PLUMAS ST · RENO, NV 895196067 | Advisory (Plan) | $23,262 |
Service code 12 · EIN 48-1205033 | Claims processing; Direct payment fro... | $12,148 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $22,719 | $47,648-52.3% | $130,648-82.6% | $67,579-66.4% |
| Participation rate | 30.1% | 60.4%-30.4pp | 71.7%-41.7pp | 71.3%-41.2pp |
| Annual return | 19.88% | 25.73%-5.9pp | 1708.96%-1689.1pp | 378.56%-358.7pp |
| Employer contribution / active EE | $0 | $1,408-100.0% | $4,092-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $1,097 | $2,616-58.1% | $3,603-69.6% | $3,539-69.0% |
| Admin fee / account holder | $186 | $105+77.4% | $5,464-96.6% | $142+31.0% |