Filed November 12, 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 ADVISORS, LLC Service code 27 401 S TRYON ST · CHARLOTTE, NC 28081 | Advisory (Plan) | $9,405 |
Service code 13 6555 PERKINS RD SUITE 400 · BATON ROUGE, LA 70808 | Contract Administrator | $783 |
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $650 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $52,178 | $89,652-41.8% | $141,162-63.0% | $65,185-20.0% |
| Participation rate | 56.4% | 74.7%-18.4pp | 82.5%-26.1pp | 70.2%-13.8pp |
| Annual return | 28.27% | 32.79%-4.5pp | 71.39%-43.1pp | 29.38%-1.1pp |
| Employer contribution / active EE | $2,278 | $3,065-25.7% | $4,735-51.9% | $2,177+4.7% |
| Participant deferral / active EE | $4,121 | $5,691-27.6% | $6,709-38.6% | $3,514+17.3% |
| Admin fee / account holder | $82 | $569-85.6% | $10,261-99.2% | $847-90.4% |