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 |
|---|---|---|
ALERUS FINANCIAL, N.A.4+ years Filed as: ALERUS Service code 15 · EIN 45-0375407 | Recordkeeping | $88,092 |
CROWE LLP1 year Service code 15 · EIN 35-0921680 | Recordkeeping | $21,832 |
REDPATH AND COMPANY4+ years Filed as: REDPATH COMPANY, LTD Service code 10 · EIN 41-0975573 | Accounting | $11,300 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $53,628 | $75,388-28.9% | $123,544-56.6% | $55,725-3.8% |
| Participation rate | 92.0% | 75.7%+16.3pp | 82.3%+9.7pp | 70.9%+21.1pp |
| Annual return | -2.88% | 4.48%-7.4pp | 119.20%-122.1pp | 244.93%-247.8pp |
| Employer contribution / active EE | $2,093 | $3,063-31.7% | $4,628-54.8% | $2,078+0.7% |
| Participant deferral / active EE | $5,092 | $5,651-9.9% | $6,426-20.7% | $3,356+51.8% |
| Admin fee / account holder | $93 | $120-22.2% | $9,284-99.0% | $115-19.1% |