Filed September 20, 2016
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 8-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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $28,129 |
LPL FINANCIAL1 year Filed as: LPL HOLDINGS, INC. Service code 26 · EIN 04-3046611 | Advisory (Participants) | $9,685 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,731 | $42,810-84.3% | $169,463-96.0% | $55,725-87.9% |
| Participation rate | 83.1% | 64.7%+18.4pp | 77.8%+5.3pp | 70.9%+12.3pp |
| Annual return | 7.77% | -3.61%+11.4pp | 1.83%+5.9pp | 244.93%-237.2pp |
| Employer contribution / active EE | $343 | $1,402-75.5% | $4,159-91.8% | $2,078-83.5% |
| Participant deferral / active EE | $2,000 | $3,141-36.3% | $5,277-62.1% | $3,356-40.4% |
| Admin fee / account holder | $109 | $106+2.3% | $9,109-98.8% | $115-5.4% |