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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
BAM ADVISOR SERVICES3+ years Service code 26 · EIN 20-8307105 | Advisory (Participants) | $50,735 |
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $24,472 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $66,820 | $69,305-3.6% | $82,313-18.8% | $69,631-4.0% |
| Participation rate | 59.2% | 80.3%-21.1pp | 76.9%-17.7pp | 70.7%-11.5pp |
| Annual return | 15.52% | 21.47%-5.9pp | 25.88%-10.4pp | 27571.02%-27555.5pp |
| Employer contribution / active EE | $1,654 | $1,887-12.3% | $2,428-31.9% | $2,032-18.6% |
| Participant deferral / active EE | $3,120 | $3,568-12.6% | $3,706-15.8% | $3,224-3.2% |
| Admin fee / account holder | $378 | $97+288.9% | $5,608-93.3% | $110+242.2% |