Filed July 26, 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 Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST · CHARLOTTE, NC 28081 | Advisory (Plan) | $51,711 |
Filed as: ECONOMIC GROUP PENSION SERVICES LLC Service code 99 · EIN 86-2963468 7734 EXCELSIOR ROAD, SUITE 102 · BAXTER, MN 56425 | Other Fees | $2,300 |
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618 | Recordkeeping Fees | $575 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $96,718 | $216,711-55.4% | $136,749-29.3% | $85,563+13.0% |
| Participation rate | 41.4% | 51.7%-10.3pp | 72.1%-30.7pp | 66.0%-24.5pp |
| Annual return | 17.78% | 15.26%+2.5pp | 24.33%-6.5pp | 31.51%-13.7pp |
| Employer contribution / active EE | $1,063 | $1,660-36.0% | $3,400-68.7% | $2,654-59.9% |
| Participant deferral / active EE | $1,568 | $2,635-40.5% | $4,692-66.6% | $4,375-64.2% |
| Admin fee / account holder | $437 | $1,223-64.3% | $11,386-96.2% | $834-47.7% |