Filed January 5, 2013
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.6+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 | Advisory (Plan) | $15,633 |
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754 | Recordkeeping | $11,665 |
Service code 10 · EIN 82-3217974 | Accounting | $7,500 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $93,487 | $69,362+34.8% | $101,248-7.7% | $73,488+27.2% |
| Participation rate | 37.1% | 68.4%-31.3pp | 75.8%-38.7pp | 70.7%-33.6pp |
| Annual return | 14.00% | 18.46%-4.5pp | 46.47%-32.5pp | 28.51%-14.5pp |
| Employer contribution / active EE | $146 | $2,628-94.4% | $3,660-96.0% | $2,270-93.6% |
| Participant deferral / active EE | $1,658 | $3,300-49.8% | $4,370-62.1% | $3,740-55.7% |
| Admin fee / account holder | $446 | $704-36.6% | $5,945-92.5% | $513-13.0% |