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.4 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081 | Advisory (Plan) | $42,695 |
Filed as: EMPOWER ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $42,323 |
Service code 13 16703 EARLY RISER AVE STE 210 · LAND O LAKES, FL 34638 | Contract Administrator | $21,292 |
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.
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 | $24,625 | $92,971-73.5% | $96,683-74.5% | $74,419-66.9% |
| Participation rate | 80.5% | 71.5%+9.0pp | 74.3%+6.2pp | 70.7%+9.8pp |
| Annual return | 16.95% | 37.49%-20.5pp | 35.69%-18.7pp | 34.38%-17.4pp |
| Employer contribution / active EE | $546 | $3,426-84.1% | $3,737-85.4% | $2,637-79.3% |
| Participant deferral / active EE | $2,715 | $3,970-31.6% | $4,878-44.3% | $4,528-40.0% |
| Admin fee / account holder | $192 | $633-69.7% | $6,730-97.2% | $348-44.9% |