Filed September 28, 2022
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.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $129,560 |
SAGEVIEW ADVISORY GROUP, LLC2+ years Service code 27 · EIN 33-0818667 | Advisory (Plan) | $60,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $62,294 | $221,442-71.9% | $92,233-32.5% | $77,958-20.1% |
| Participation rate | 53.4% | 79.6%-26.2pp | 76.5%-23.1pp | 71.6%-18.3pp |
| Annual return | 19.77% | 15.65%+4.1pp | 176.28%-156.5pp | 20.87%-1.1pp |
| Employer contribution / active EE | $1,073 | $3,226-66.7% | $3,679-70.8% | $2,310-53.6% |
| Participant deferral / active EE | $2,997 | $2,779+7.8% | $3,897-23.1% | $3,537-15.3% |
| Admin fee / account holder | $167 | $210-20.1% | $5,194-96.8% | $97+72.0% |