Filed August 29, 2023
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 10-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 Service code 15 · EIN 94-1347393 | Recordkeeping | $1,073 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 56-0276690 | Advisory (Plan) | $0 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,800 | $50,385-48.8% | $75,670-65.9% | $62,292-58.6% |
| Participation rate | 81.2% | 67.7%+13.5pp | 72.3%+8.8pp | 69.5%+11.6pp |
| Annual return | 20.06% | 19.90%+0.2pp | 27.34%-7.3pp | 28.90%-8.8pp |
| Employer contribution / active EE | $1,254 | $1,537-18.5% | $2,352-46.7% | $2,042-38.6% |
| Participant deferral / active EE | $3,282 | $2,445+34.2% | $3,142+4.4% | $3,169+3.6% |
| Admin fee / account holder | $69 | $384-82.1% | $5,800-98.8% | $479-85.7% |