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 |
|---|---|---|
RSM US LLP1 year Service code 10 · EIN 42-0714325 | Accounting | $13,885 |
WELLS FARGO BANK, N.A.3 years Service code 15 · EIN 94-1347393 | Recordkeeping | $1,949 |
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 56-0276690 | Advisory (Plan) | $0 |
Annual investment return 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 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 | $26,549 | $50,666-47.6% | $76,817-65.4% | $65,185-59.3% |
| Participation rate | 81.2% | 68.8%+12.4pp | 72.1%+9.1pp | 70.2%+11.0pp |
| Annual return | 17.18% | 28.51%-11.3pp | 1166.11%-1148.9pp | 29.38%-12.2pp |
| Employer contribution / active EE | $1,278 | $1,575-18.9% | $2,302-44.5% | $2,177-41.3% |
| Participant deferral / active EE | $3,611 | $2,647+36.4% | $3,336+8.2% | $3,514+2.8% |
| Admin fee / account holder | $140 | $463-69.7% | $6,420-97.8% | $847-83.4% |