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.5 years Filed as: WELLS FARGO ADVISORS Service code 27 6005 PLUMAS ST · RENO, NV 895196067 | Advisory (Plan) | $31,098 |
Service code 15 · EIN 48-1205033 | Recordkeeping | $20,284 |
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 | $25,052 | $53,345-53.0% | $121,098-79.3% | $74,419-66.3% |
| Participation rate | 32.2% | 60.0%-27.8pp | 69.5%-37.3pp | 70.7%-38.5pp |
| Annual return | 24.76% | 35.15%-10.4pp | 985.75%-961.0pp | 34.38%-9.6pp |
| Employer contribution / active EE | $0 | $1,898-100.0% | $4,164-100.0% | $2,637-100.0% |
| Participant deferral / active EE | $972 | $3,221-69.8% | $4,080-76.2% | $4,528-78.5% |
| Admin fee / account holder | $188 | $382-50.9% | $5,644-96.7% | $348-46.1% |