Filed July 2, 2024
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 | $128,907 |
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 | $110,423 | $69,159+59.7% | $125,175-11.8% | $67,579+63.4% |
| Participation rate | 98.6% | 78.2%+20.4pp | 79.8%+18.8pp | 71.3%+27.3pp |
| Annual return | 21.41% | 27.12%-5.7pp | 43.79%-22.4pp | 378.56%-357.1pp |
| Employer contribution / active EE | $2,572 | $2,023+27.1% | $3,865-33.4% | $2,148+19.8% |
| Participant deferral / active EE | $4,530 | $3,700+22.5% | $4,937-8.2% | $3,539+28.0% |
| Admin fee / account holder | $327 | $142+130.6% | $9,702-96.6% | $142+129.8% |