Filed January 8, 2021
See peer percentile detail with Solo.
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.
See the 10-year trajectory with Solo.
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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $53,530 |
MIDWEST CAPITAL ADVISORS, LLC8+ years Service code 27 · EIN 11-3673048 | Advisory (Plan) | $30,256 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $120,008 | $106,236+13.0% | $112,228+6.9% | $64,808+85.2% |
| Participation rate | 100.0% | 71.7%+28.3pp | 75.1%+24.9pp | 71.5%+28.5pp |
| Annual return | -12.55% | -6.02%-6.5pp | 27.45%-40.0pp | 32.82%-45.4pp |
| Employer contribution / active EE | $1,919 | $3,166-39.4% | $3,635-47.2% | $2,506-23.4% |
| Participant deferral / active EE | $7,830 | $3,785+106.9% | $4,728+65.6% | $4,310+81.7% |
| Admin fee / account holder | $188 | $452-58.3% | $6,410-97.1% | $188+0.3% |