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.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $133,748 |
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 | $35,830 | $260,849-86.3% | $105,738-66.1% | $75,289-52.4% |
| Participation rate | 20.1% | 51.6%-31.5pp | 76.3%-56.2pp | 72.4%-52.3pp |
| Annual return | -4.87% | 10.99%-15.9pp | 6.27%-11.1pp | -0.04%-4.8pp |
| Employer contribution / active EE | $371 | $848-56.2% | $3,268-88.6% | $2,405-84.6% |
| Participant deferral / active EE | $622 | $1,553-59.9% | $4,080-84.8% | $3,739-83.4% |
| Admin fee / account holder | $198 | $484-59.2% | $6,913-97.1% | $102+93.1% |