Filed February 14, 2022
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 |
|---|---|---|
NICOLET NATIONAL BANK7 years Service code 26 · EIN 39-1990426 | Advisory (Participants) | $29,258 |
ALERUS FINANCIAL, N.A.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,721 |
HAWKINS ASH CPAS8+ years Service code 10 · EIN 39-0912608 | Accounting | $6,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,022 | $63,442-43.2% | $68,791-47.6% | $66,914-46.2% |
| Participation rate | 45.2% | 60.0%-14.8pp | 69.0%-23.9pp | 69.8%-24.6pp |
| Annual return | -16.42% | -8.29%-8.1pp | -6.38%-10.0pp | 1.58%-18.0pp |
| Employer contribution / active EE | $327 | $1,775-81.6% | $2,655-87.7% | $2,544-87.2% |
| Participant deferral / active EE | $2,088 | $2,945-29.1% | $3,941-47.0% | $4,237-50.7% |
| Admin fee / account holder | $376 | $577-34.9% | $4,932-92.4% | $593-36.7% |