Filed December 27, 2024 (most recent of 5 filings on file)
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 Service code 15 · EIN 94-1347393 | Recordkeeping | $100,025 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $165,863 | $79,523+108.6% | $140,016+18.5% | $56,287+194.7% |
| Participation rate | 97.9% | 85.7%+12.2pp | 87.5%+10.4pp | 69.9%+28.1pp |
| Annual return | -3.98% | 2.39%-6.4pp | 651.12%-655.1pp | -9.96%+6.0pp |
| Employer contribution / active EE | $5,897 | $3,350+76.0% | $5,606+5.2% | $2,111+179.3% |
| Participant deferral / active EE | $6,621 | $5,129+29.1% | $6,927-4.4% | $3,350+97.7% |
| Admin fee / account holder | $331 | $614-46.1% | $10,705-96.9% | $521-36.4% |