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, LLC3+ years Service code 15 · EIN 26-2824865 519 17TH STREET · OAKLAND, CA 94612 | Recordkeeping | $14,898 |
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 | $60,590 | $51,466+17.7% | $78,778-23.1% | $62,292-2.7% |
| Participation rate | 45.8% | 59.8%-14.0pp | 69.2%-23.4pp | 69.5%-23.8pp |
| Annual return | 13.55% | 19.96%-6.4pp | 35.62%-22.1pp | 28.90%-15.3pp |
| Employer contribution / active EE | $1,715 | $827+107.3% | $1,986-13.6% | $2,042-16.0% |
| Participant deferral / active EE | $2,457 | $2,147+14.4% | $2,958-17.0% | $3,169-22.5% |
| Admin fee / account holder | $173 | $489-64.6% | $5,134-96.6% | $479-63.9% |