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, LLC4+ years Service code 27 · EIN 11-3673048 | Advisory (Plan) | $46,550 |
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,333 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $89,394 | $56,443+58.4% | $83,848+6.6% | $55,725+60.4% |
| Participation rate | 95.4% | 72.0%+23.3pp | 76.1%+19.2pp | 70.9%+24.5pp |
| Annual return | -4.23% | 393.67%-397.9pp | 850.88%-855.1pp | 244.93%-249.2pp |
| Employer contribution / active EE | $5,379 | $2,682+100.6% | $3,631+48.2% | $2,078+158.8% |
| Participant deferral / active EE | $5,882 | $2,965+98.4% | $4,082+44.1% | $3,356+75.3% |
| Admin fee / account holder | $181 | $156+15.8% | $5,478-96.7% | $115+57.0% |