Filed January 8, 2021
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 |
|---|---|---|
MIDWEST CAPITAL ADVISORS, LLC2+ years Service code 27 · EIN 11-3673048 | Advisory (Plan) | $28,187 |
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,773 |
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 | $81,114 | $57,921+40.0% | $84,750-4.3% | $57,658+40.7% |
| Participation rate | 95.8% | 72.9%+22.8pp | 76.6%+19.2pp | 70.2%+25.5pp |
| Annual return | 12.01% | 10.24%+1.8pp | 22.78%-10.8pp | 5.13%+6.9pp |
| Employer contribution / active EE | $1,266 | $2,598-51.3% | $3,574-64.6% | $1,974-35.9% |
| Participant deferral / active EE | $4,723 | $2,742+72.2% | $3,712+27.2% | $3,061+54.3% |
| Admin fee / account holder | $145 | $130+12.1% | $5,332-97.3% | $95+53.9% |