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.3 years Filed as: WELLS FARGO ADVISORS Service code 27 6005 PLUMAS ST · RENO, NV 895196067 | Advisory (Plan) | $26,781 |
Service code 15 · EIN 48-1205033 | Recordkeeping | $17,396 |
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 | $30,424 | $62,723-51.5% | $142,863-78.7% | $86,799-64.9% |
| Participation rate | 40.7% | 62.6%-21.9pp | 71.9%-31.3pp | 72.3%-31.6pp |
| Annual return | 14.28% | 17.62%-3.3pp | 5637.54%-5623.3pp | 97.91%-83.6pp |
| Employer contribution / active EE | $0 | $1,627-100.0% | $4,144-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $1,279 | $3,039-57.9% | $3,837-66.7% | $4,131-69.0% |
| Admin fee / account holder | $230 | $140+64.9% | $6,560-96.5% | $170+35.7% |