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.4+ years Service code 15 · EIN 94-1347393 | Recordkeeping | $320,146 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $101,471 | $101,523-0.1% | $141,162-28.1% | $77,787+30.4% |
| Participation rate | 66.3% | 77.4%-11.1pp | 82.5%-16.2pp | 73.2%-6.9pp |
| Annual return | 8.11% | 56.22%-48.1pp | 71.39%-63.3pp | 32.57%-24.5pp |
| Employer contribution / active EE | $1,051 | $3,341-68.6% | $4,735-77.8% | $2,504-58.1% |
| Participant deferral / active EE | $6,911 | $6,434+7.4% | $6,709+3.0% | $3,967+74.2% |
| Admin fee / account holder | $127 | $92+38.4% | $10,261-98.8% | $100+26.6% |