Filed July 21, 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 |
|---|---|---|
Filed as: PRINCIPAL Service code 15 · EIN 42-0127290 | Recordkeeping | $49,427 |
ALERUS FINANCIAL, N.A.4 years Filed as: ALERUS Service code 25 · EIN 45-0375407 | Directed Trustee | $26,627 |
SAUL EWING1 year Service code 29 · EIN 23-1416352 | Legal | $16,985 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return 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 | $60,894 | $100,801-39.6% | $149,696-59.3% | $73,409-17.0% |
| Participation rate | 97.9% | 77.7%+20.3pp | 82.5%+15.5pp | 72.2%+25.8pp |
| Annual return | 4.63% | 265.34%-260.7pp | 276.60%-272.0pp | 59.29%-54.7pp |
| Employer contribution / active EE | $6,261 | $3,312+89.1% | $4,644+34.8% | $2,234+180.3% |
| Participant deferral / active EE | $0 | $6,404-100.0% | $6,842-100.0% | $3,805-100.0% |
| Admin fee / account holder | $75 | $181-58.7% | $9,309-99.2% | $158-52.7% |