Filed December 5, 2024 (most recent of 2 filings on file)
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 | $63,267 |
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.
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 | $33,764 | $32,530+3.8% | $106,619-68.3% | $63,975-47.2% |
| Participation rate | 17.4% | 55.7%-38.3pp | 78.0%-60.6pp | 71.1%-53.7pp |
| Annual return | 7.36% | 8.92%-1.6pp | 9.42%-2.1pp | 48.65%-41.3pp |
| Employer contribution / active EE | $298 | $724-58.8% | $3,947-92.4% | $2,182-86.3% |
| Participant deferral / active EE | $486 | $1,383-64.8% | $3,930-87.6% | $3,356-85.5% |
| Admin fee / account holder | $156 | $61+155.0% | $6,418-97.6% | $70+121.2% |