Filed January 3, 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 BANK2 years Service code 26 · EIN 39-1990426 | Advisory (Participants) | $35,845 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $7,953 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $78,778 | $54,517+44.5% | $75,972+3.7% | $74,495+5.7% |
| Participation rate | 68.8% | 60.3%+8.5pp | 69.1%-0.3pp | 67.2%+1.6pp |
| Annual return | 18.74% | 31.82%-13.1pp | 359.55%-340.8pp | 1364.94%-1346.2pp |
| Employer contribution / active EE | $724 | $1,777-59.3% | $2,685-73.0% | $2,623-72.4% |
| Participant deferral / active EE | $3,848 | $3,066+25.5% | $4,255-9.6% | $4,346-11.5% |
| Admin fee / account holder | $368 | $2,229-83.5% | $6,467-94.3% | $1,942-81.0% |