Filed June 28, 2006 (most recent of 2 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $450 |
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.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $16,252 | $43,550-62.7% | $63,517-74.4% | $52,331-68.9% |
| Participation rate | 38.6% | 65.7%-27.1pp | 71.0%-32.4pp | 68.1%-29.5pp |
| Annual return | -2.44% | 2.03%-4.5pp | -70.30%+67.9pp | 4.54%-7.0pp |
| Employer contribution / active EE | $121 | $1,351-91.0% | $2,322-94.8% | $1,882-93.6% |
| Participant deferral / active EE | $1,740 | $2,254-22.8% | $2,953-41.1% | $3,022-42.4% |
| Admin fee / account holder | $64 | $387-83.4% | $5,892-98.9% | $592-89.2% |