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.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $79,751 |
BAM ADVISOR SERVICES5+ years Filed as: BAM ADVISOR SERVICES, LLC Service code 26 · EIN 20-8307105 | Advisory (Participants) | $46,133 |
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $4,380 |
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.
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 | $16,790 | $47,456-64.6% | $172,739-90.3% | $77,787-78.4% |
| Participation rate | 50.3% | 66.3%-15.9pp | 82.6%-32.3pp | 73.2%-22.9pp |
| Annual return | 16.52% | 35.57%-19.0pp | 802.84%-786.3pp | 32.57%-16.1pp |
| Employer contribution / active EE | $510 | $1,574-67.6% | $5,143-90.1% | $2,504-79.6% |
| Participant deferral / active EE | $661 | $2,560-74.2% | $5,198-87.3% | $3,967-83.3% |
| Admin fee / account holder | $116 | $81+43.4% | $13,954-99.2% | $100+15.8% |