Filed September 3, 2009
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.1+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $35,807 |
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.
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 | $14,809 | $37,213-60.2% | $156,549-90.5% | $63,975-76.9% |
| Participation rate | 29.6% | 65.0%-35.3pp | 84.0%-54.4pp | 71.1%-41.5pp |
| Annual return | 6.45% | 47.89%-41.4pp | 32.23%-25.8pp | 48.65%-42.2pp |
| Employer contribution / active EE | $145 | $1,357-89.3% | $5,501-97.4% | $2,182-93.4% |
| Participant deferral / active EE | $807 | $2,070-61.0% | $4,871-83.4% | $3,356-75.9% |
| Admin fee / account holder | $72 | $56+28.5% | $13,027-99.4% | $70+2.7% |