Filed August 3, 2023 (most recent of 3 filings on file)
Total covered: 616 employees
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.2+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $252,261 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $89,318 | $96,458-7.4% | $136,294-34.5% | $77,958+14.6% |
| Participation rate | 67.8% | 75.4%-7.6pp | 81.9%-14.1pp | 71.6%-3.8pp |
| Annual return | 16.65% | 23.78%-7.1pp | 5155.94%-5139.3pp | 20.87%-4.2pp |
| Employer contribution / active EE | $985 | $3,144-68.7% | $4,695-79.0% | $2,310-57.4% |
| Participant deferral / active EE | $6,782 | $5,902+14.9% | $6,247+8.6% | $3,537+91.8% |
| Admin fee / account holder | $122 | $80+51.6% | $9,243-98.7% | $97+25.3% |