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.2 years Filed as: WELLS FARGO ADVISORS Service code 27 6005 PLUMAS ST · RENO, NV 895196067 | Advisory (Plan) | $20,892 |
Service code 15 · EIN 48-1205033 | Recordkeeping | $14,963 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $24,607 | $54,121-54.5% | $134,143-81.7% | $73,409-66.5% |
| Participation rate | 41.9% | 64.4%-22.5pp | 72.2%-30.3pp | 72.2%-30.3pp |
| Annual return | 14.62% | -312.52%+327.1pp | 36.33%-21.7pp | 59.29%-44.7pp |
| Employer contribution / active EE | $0 | $1,402-100.0% | $3,704-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $782 | $2,844-72.5% | $3,499-77.6% | $3,805-79.4% |
| Admin fee / account holder | $180 | $132+36.1% | $6,684-97.3% | $158+14.1% |