Filed May 8, 2024 (most recent of 2 filings on file)
Total covered: 4 employees
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 |
|---|---|---|
Filed as: BREMER TRUST NA Service code 21 P.O. BOX 986 · ST. CLOUD, MN 56301 | Bank Trustee | $14,581 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $671 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $39,883 | $71,192-44.0% | $117,854-66.2% | $62,292-36.0% |
| Participation rate | 62.6% | 74.2%-11.6pp | 79.7%-17.1pp | 69.5%-6.9pp |
| Annual return | 18.67% | 18.66%0pp | 335.08%-316.4pp | 28.90%-10.2pp |
| Employer contribution / active EE | $709 | $1,934-63.3% | $3,786-81.3% | $2,042-65.3% |
| Participant deferral / active EE | $2,324 | $3,189-27.1% | $4,482-48.2% | $3,169-26.7% |
| Admin fee / account holder | $141 | $587-76.0% | $8,020-98.2% | $479-70.6% |