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.5+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $126,883 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $121,024 | $78,419+54.3% | $133,956-9.7% | $73,409+64.9% |
| Participation rate | 98.2% | 78.6%+19.6pp | 79.8%+18.3pp | 72.2%+26.0pp |
| Annual return | 16.57% | 33.35%-16.8pp | 45.09%-28.5pp | 59.29%-42.7pp |
| Employer contribution / active EE | $2,749 | $2,044+34.5% | $3,919-29.9% | $2,234+23.1% |
| Participant deferral / active EE | $4,833 | $3,925+23.1% | $5,048-4.3% | $3,805+27.0% |
| Admin fee / account holder | $327 | $161+102.5% | $8,927-96.3% | $158+106.9% |