Filed December 13, 2021 (most recent of 14 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 |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $86,500 |
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS Service code 21 · EIN 45-5052081 | Bank Trustee | $50,754 |
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.
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $263,172 | $67,228+291.5% | $117,854+123.3% | $77,958+237.6% |
| Participation rate | 99.4% | 79.4%+20.0pp | 79.7%+19.7pp | 71.6%+27.8pp |
| Annual return | 14.28% | 19.13%-4.8pp | 335.08%-320.8pp | 20.87%-6.6pp |
| Employer contribution / active EE | $10,337 | $2,211+367.6% | $3,786+173.0% | $2,310+347.4% |
| Participant deferral / active EE | $0 | $3,653-100.0% | $4,482-100.0% | $3,537-100.0% |
| Admin fee / account holder | $62 | $76-17.9% | $8,020-99.2% | $97-36.1% |