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.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $99,004 |
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 | $208,643 | $98,982+110.8% | $162,163+28.7% | $65,185+220.1% |
| Participation rate | 97.4% | 85.8%+11.6pp | 87.6%+9.9pp | 70.2%+27.2pp |
| Annual return | 22.39% | 24.84%-2.5pp | 115.59%-93.2pp | 29.38%-7.0pp |
| Employer contribution / active EE | $6,382 | $3,467+84.1% | $5,614+13.7% | $2,177+193.2% |
| Participant deferral / active EE | $7,232 | $5,384+34.3% | $7,298-0.9% | $3,514+105.8% |
| Admin fee / account holder | $330 | $596-44.7% | $10,843-97.0% | $847-61.1% |