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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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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 |
|---|---|---|
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $19,186 |
MIDWEST CAPITAL ADVISORS, LLC6+ years Service code 26 · EIN 11-3673048 | Advisory (Participants) | $16,001 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $22,362 | $52,293-57.2% | $178,490-87.5% | $73,409-69.5% |
| Participation rate | 47.5% | 65.3%-17.8pp | 81.9%-34.4pp | 72.2%-24.6pp |
| Annual return | 13.59% | 34.75%-21.2pp | 151.07%-137.5pp | 59.29%-45.7pp |
| Employer contribution / active EE | $293 | $1,735-83.1% | $5,011-94.1% | $2,234-86.9% |
| Participant deferral / active EE | $893 | $2,332-61.7% | $5,202-82.8% | $3,805-76.5% |
| Admin fee / account holder | $128 | $127+0.5% | $13,984-99.1% | $158-19.0% |