Filed October 19, 2024 (most recent of 11 filings on file)
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 |
|---|---|---|
CHANNEL WEALTH LLC1 year Filed as: CHANNEL FINANCIAL Service code 26 4800 OLSON MEMORIAL HIGHWAY, SUITE · MINNEAPOLIS, MN 55422 | Advisory (Participants) | $5,000 |
EIDE BAILLY LLP1 year Filed as: EIDEBAILLY Service code 10 800 NICOLLET MALL, STE 1300 · MINNEAPOLIS, MN 554027033 | Accounting | $5,000 |
FELHABER LARSON1 year Filed as: FELHABER, LARSON, FENLON AND VOGT, Service code 29 444 CEDAR STREET, SUITE 2100 · ST PAUL, MN 551012136 | Legal | $5,000 |
MILLIMAN, INC.1 year Filed as: MILLIMAN Service code 14 10000 N CENTRAL EXPRESSWAY, SUITE 1 · DALLAS, TX 752314177 | Plan Administrator | $5,000 |
MILLIMAN, INC.1 year Filed as: MILLMAN, INC Service code 15 · EIN 91-0675641 | Recordkeeping | $1,832 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $1,503 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $19,084 | $55,790-65.8% | $76,817-75.2% | $67,579-71.8% |
| Participation rate | 16.8% | 71.1%-54.3pp | 72.1%-55.3pp | 71.3%-54.5pp |
| Annual return | 4.15% | 64.45%-60.3pp | 1166.11%-1162.0pp | 378.56%-374.4pp |
| Employer contribution / active EE | $0 | $1,810-100.0% | $2,302-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $104 | $2,875-96.4% | $3,336-96.9% | $3,539-97.1% |
| Admin fee / account holder | $29 | $159-81.6% | $6,420-99.5% | $142-79.4% |