Filed April 18, 2014 (most recent of 3 filings on file)
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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 |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $61,332 |
BAM ADVISOR SERVICES4+ years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 20-8307105 | Advisory (Participants) | $43,718 |
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $4,190 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $12,362 | $45,382-72.8% | $154,107-92.0% | $75,289-83.6% |
| Participation rate | 53.0% | 65.9%-12.9pp | 83.0%-30.1pp | 72.4%-19.5pp |
| Annual return | -8.20% | -0.47%-7.7pp | 735.12%-743.3pp | -0.04%-8.2pp |
| Employer contribution / active EE | $501 | $1,533-67.3% | $5,298-90.5% | $2,405-79.2% |
| Participant deferral / active EE | $630 | $2,384-73.6% | $5,081-87.6% | $3,739-83.2% |
| Admin fee / account holder | $88 | $89-2.0% | $13,411-99.3% | $102-14.4% |