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.3 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $42,553 |
Filed as: EMPOWER ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $33,833 |
Service code 13 16703 EARLY RISER AVE STE 210 · LAND O LAKES, FL 34638 | Contract Administrator | $17,897 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,856 | $106,236-79.4% | $112,228-80.5% | $64,808-66.3% |
| Participation rate | 78.0% | 71.7%+6.3pp | 75.1%+2.9pp | 71.5%+6.5pp |
| Annual return | -17.04% | -6.02%-11.0pp | 27.45%-44.5pp | 32.82%-49.9pp |
| Employer contribution / active EE | $541 | $3,166-82.9% | $3,635-85.1% | $2,506-78.4% |
| Participant deferral / active EE | $2,739 | $3,785-27.6% | $4,728-42.1% | $4,310-36.5% |
| Admin fee / account holder | $187 | $452-58.6% | $6,410-97.1% | $188-0.5% |