Filed September 9, 2024
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.5+ years Filed as: WELLS FARGO Service code 15 · EIN 34-1542819 | Recordkeeping | $17,481 |
ADP BROKER-DEALER5+ years Filed as: ADP, LLC Service code 15 · EIN 13-3036745 | Recordkeeping | $2,623 |
ADP BROKER-DEALER5+ years Service code 49 · EIN 22-3319984 | Other Services | $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.
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 | $30,201 | $66,601-54.7% | $92,893-67.5% | $67,579-55.3% |
| Participation rate | 53.9% | 72.5%-18.6pp | 76.0%-22.1pp | 71.3%-17.4pp |
| Annual return | 19.10% | 92.58%-73.5pp | 109.41%-90.3pp | 378.56%-359.5pp |
| Employer contribution / active EE | $393 | $2,775-85.8% | $3,653-89.2% | $2,148-81.7% |
| Participant deferral / active EE | $2,024 | $3,157-35.9% | $4,236-52.2% | $3,539-42.8% |
| Admin fee / account holder | $76 | $199-62.0% | $5,794-98.7% | $142-46.9% |