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.6 years Filed as: WELLS FARGO ADVISORS Service code 27 6005 PLUMAS ST · RENO, NV 895196067 | Advisory (Plan) | $36,807 |
Service code 15 · EIN 48-1205033 | Recordkeeping | $25,622 |
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 | $28,764 | $58,778-51.1% | $129,207-77.7% | $77,643-63.0% |
| Participation rate | 27.5% | 59.2%-31.7pp | 69.6%-42.1pp | 70.6%-43.1pp |
| Annual return | 13.92% | 24.73%-10.8pp | 9417.33%-9403.4pp | 31.24%-17.3pp |
| Employer contribution / active EE | $0 | $1,952-100.0% | $4,153-100.0% | $2,726-100.0% |
| Participant deferral / active EE | $769 | $3,212-76.1% | $4,168-81.5% | $4,647-83.4% |
| Admin fee / account holder | $234 | $589-60.3% | $7,715-97.0% | $430-45.7% |