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 |
|---|---|---|
ALERUS FINANCIAL, N.A.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $44,127 |
HAWKINS ASH CPAS9+ years Service code 10 · EIN 39-0912608 | Accounting | $0 |
NICOLET NATIONAL BANK8 years Service code 26 · EIN 39-1990426 | Advisory (Participants) | $0 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,849 | $51,045-21.9% | $70,515-43.5% | $71,457-44.2% |
| Participation rate | 47.7% | 59.4%-11.7pp | 68.3%-20.6pp | 67.9%-20.2pp |
| Annual return | 19.02% | 42.63%-23.6pp | 32.77%-13.8pp | 28.85%-9.8pp |
| Employer contribution / active EE | $343 | $1,790-80.8% | $2,973-88.5% | $2,588-86.7% |
| Participant deferral / active EE | $2,063 | $3,026-31.8% | $4,567-54.8% | $4,289-51.9% |
| Admin fee / account holder | $272 | $1,994-86.3% | $6,412-95.8% | $1,587-82.8% |