Filed January 26, 2018
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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $49,227 |
PLANTE & MORAN, PLLC1+ years Service code 10 · EIN 38-1357951 | Accounting | $6,725 |
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 | $63,985 | $38,595+65.8% | $80,004-20.0% | $52,331+22.3% |
| Participation rate | 100.0% | 64.5%+35.5pp | 73.0%+27.0pp | 68.1%+31.9pp |
| Annual return | -0.70% | 2.04%-2.7pp | 7.63%-8.3pp | 4.54%-5.2pp |
| Employer contribution / active EE | $1,254 | $1,133+10.7% | $2,473-49.3% | $1,882-33.4% |
| Participant deferral / active EE | $1,755 | $2,318-24.3% | $3,204-45.2% | $3,022-41.9% |
| Admin fee / account holder | $397 | $304+30.5% | $5,033-92.1% | $592-32.9% |