Filed December 6, 2019
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 6-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 |
|---|---|---|
Filed as: BREMER BANK NA Service code 27 · EIN 41-0224890 | Advisory (Plan) | $28,692 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $14,989 |
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.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $64,738 | $89,436-27.6% | $164,813-60.7% | $77,643-16.6% |
| Participation rate | 23.8% | 78.6%-54.8pp | 78.6%-54.8pp | 70.6%-46.8pp |
| Annual return | 19.14% | 28.83%-9.7pp | 69.93%-50.8pp | 31.24%-12.1pp |
| Employer contribution / active EE | $1,263 | $2,569-50.8% | $4,341-70.9% | $2,726-53.7% |
| Participant deferral / active EE | $1,989 | $4,897-59.4% | $6,031-67.0% | $4,647-57.2% |
| Admin fee / account holder | $186 | $339-45.2% | $12,690-98.5% | $430-56.8% |