Filed June 21, 2024
Total covered: 24 employees
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 |
|---|---|---|
EXCEL WEALTH MANAGEMENT, LLC11+ years Filed as: EXCEL FINANCIAL Service code 26 321 MAIN STREET · RED WING, MN 55066 | Advisory (Participants) | $38,344 |
ALERUS FINANCIAL, N.A.6 years Filed as: ALERUS FINANCIAL Service code 13 · EIN 45-0140105 | Contract Administrator | $15,629 |
ASCENSUS LLC7 years Filed as: DWC ERISA CONSULTANTS Service code 15 · EIN 26-2091417 | Recordkeeping | $7,747 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,634 | $117,025-49.0% | $91,541-34.9% | $85,563-30.3% |
| Participation rate | 85.7% | 64.2%+21.4pp | 69.8%+15.9pp | 66.0%+19.7pp |
| Annual return | 16.84% | 18.02%-1.2pp | 20.50%-3.7pp | 31.51%-14.7pp |
| Employer contribution / active EE | $2,878 | $2,120+35.7% | $2,505+14.9% | $2,654+8.5% |
| Participant deferral / active EE | $3,702 | $3,446+7.4% | $4,008-7.6% | $4,375-15.4% |
| Admin fee / account holder | $233 | $1,242-81.2% | $6,956-96.6% | $834-72.1% |