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.4 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 401 S TRYON ST · CHARLOTTE, NC 28081 | Advisory (Plan) | $23,969 |
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $1,363 |
Service code 13 P.O. BOX 804319 · BATON ROUGE, LA 70898 | Contract Administrator | $499 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,874 | $84,487-24.4% | $125,339-49.0% | $66,914-4.5% |
| Participation rate | 63.8% | 76.4%-12.6pp | 82.4%-18.5pp | 69.8%-6.0pp |
| Annual return | -17.40% | -8.39%-9.0pp | 572.05%-589.5pp | 1.58%-19.0pp |
| Employer contribution / active EE | $2,791 | $3,553-21.4% | $4,814-42.0% | $2,544+9.7% |
| Participant deferral / active EE | $5,198 | $6,781-23.3% | $7,446-30.2% | $4,237+22.7% |
| Admin fee / account holder | $169 | $685-75.3% | $10,010-98.3% | $593-71.5% |