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 | $30,737 |
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 27 · EIN 34-1542819 | Advisory (Plan) | $27,930 |
Filed as: PENSION FINANCIAL SERVICES INC Service code 13 · EIN 58-1485803 | Contract Administrator | $18,462 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $22,239 | $42,901-48.2% | $91,220-75.6% | $64,808-65.7% |
| Participation rate | 87.3% | 68.1%+19.2pp | 73.2%+14.1pp | 71.5%+15.8pp |
| Annual return | -16.97% | -13.53%-3.4pp | 114.01%-131.0pp | 32.82%-49.8pp |
| Employer contribution / active EE | $223 | $1,571-85.8% | $2,850-92.2% | $2,506-91.1% |
| Participant deferral / active EE | $2,324 | $3,501-33.6% | $4,234-45.1% | $4,310-46.1% |
| Admin fee / account holder | $196 | $131+49.7% | $5,420-96.4% | $188+4.5% |