Filed September 29, 2022
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 |
|---|---|---|
WESPAC PLAN SERVICES, LLC2+ years Service code 15 · EIN 26-2824865 519 17TH STREET · OAKLAND, CA 94612 | Recordkeeping | $11,236 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $41,758 | $42,546-1.9% | $71,796-41.8% | $55,167-24.3% |
| Participation rate | 47.9% | 59.1%-11.2pp | 69.1%-21.2pp | 69.0%-21.1pp |
| Annual return | 5.71% | 12.36%-6.7pp | 78.04%-72.3pp | 169.23%-163.5pp |
| Employer contribution / active EE | $1,681 | $803+109.2% | $1,924-12.7% | $1,963-14.4% |
| Participant deferral / active EE | $2,312 | $2,064+12.0% | $2,794-17.3% | $3,054-24.3% |
| Admin fee / account holder | $109 | $650-83.2% | $4,815-97.7% | $504-78.4% |