Filed October 13, 2021
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 |
|---|---|---|
Service code 13 · EIN 42-0127290 | Contract Administrator | $36,115 |
Filed as: PENSION FINANCIAL SERVICES INC Service code 13 | Contract Administrator | $28,040 |
Filed as: NICHOLS, CAULEY & ASSOCIATES LLC Service code 10 | Accounting | $18,500 |
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 27 · EIN 34-1542819 | Advisory (Plan) | $13,658 |
Filed as: NICHOLS, CAULEY & ASSOCIATES. LLC Service code 10 · EIN 58-2475857 | Accounting | $0 |
Service code 13 · EIN 58-1485803 | Contract Administrator | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $60,658 | $55,214+9.9% | $104,607-42.0% | $73,488-17.5% |
| Participation rate | 38.6% | 67.8%-29.2pp | 74.1%-35.5pp | 70.7%-32.1pp |
| Annual return | 15.73% | 24.79%-9.1pp | 340.46%-324.7pp | 28.51%-12.8pp |
| Employer contribution / active EE | $247 | $1,468-83.2% | $2,681-90.8% | $2,270-89.1% |
| Participant deferral / active EE | $1,758 | $2,925-39.9% | $3,740-53.0% | $3,740-53.0% |
| Admin fee / account holder | $415 | $424-2.1% | $6,473-93.6% | $513-19.2% |