Filed October 20, 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 Filed as: WELLS FARGO ADVISORS, LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $49,514 |
Filed as: JOHN HANCOCK RETIREMETN PLAN SERVIC Service code 27 · EIN 01-0233346 | Advisory (Plan) | $4,392 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $115,699 | $60,776+90.4% | $85,682+35.0% | $79,386+45.7% |
| Participation rate | 97.2% | 62.1%+35.1pp | 69.9%+27.4pp | 70.7%+26.5pp |
| Annual return | 11.77% | 16.57%-4.8pp | 21.49%-9.7pp | 116.85%-105.1pp |
| Employer contribution / active EE | $2,218 | $1,663+33.4% | $2,618-15.3% | $2,427-8.6% |
| Participant deferral / active EE | $5,034 | $2,919+72.5% | $3,923+28.3% | $4,046+24.4% |
| Admin fee / account holder | $317 | $438-27.7% | $6,873-95.4% | $626-49.4% |