Filed March 31, 2020
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 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 49 · EIN 34-1542819 | Other Services | $12,740 |
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $11,794 |
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 | $42,458 | $60,165-29.4% | $74,183-42.8% | $55,167-23.0% |
| Participation rate | 95.6% | 74.2%+21.5pp | 76.6%+19.0pp | 69.0%+26.6pp |
| Annual return | 5.49% | 10.00%-4.5pp | 17.74%-12.2pp | 169.23%-163.7pp |
| Employer contribution / active EE | $2,089 | $1,600+30.6% | $2,370-11.9% | $1,963+6.4% |
| Participant deferral / active EE | $2,639 | $2,973-11.2% | $3,550-25.7% | $3,054-13.6% |
| Admin fee / account holder | $86 | $419-79.5% | $5,586-98.5% | $504-82.9% |