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 4-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 year Filed as: WELLS FARGO ADVISORS Service code 13 TPOT-MAC H0006-08R · ST. LOUIS, MO 63103 | Contract Administrator | $27,987 |
PAYCHEX, INC.1 year Service code 13 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 14625 | Contract Administrator | $22,366 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,487 | $95,274-69.1% | $135,903-78.3% | $74,419-60.4% |
| Participation rate | 49.2% | 78.2%-29.0pp | 81.9%-32.7pp | 70.7%-21.5pp |
| Annual return | 32.71% | 32.77%-0.1pp | 68.23%-35.5pp | 34.38%-1.7pp |
| Employer contribution / active EE | $1,521 | $3,874-60.7% | $4,856-68.7% | $2,637-42.3% |
| Participant deferral / active EE | $3,055 | $7,782-60.7% | $7,758-60.6% | $4,528-32.5% |
| Admin fee / account holder | $131 | $266-50.8% | $10,762-98.8% | $348-62.3% |