Filed February 8, 2021 (most recent of 2 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 |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $70,490 |
UNITED BENEFITS GROUP1 year Service code 14 · EIN 91-0675641 | Plan Administrator | $34,340 |
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 | $61,043 | $58,101+5.1% | $118,925-48.7% | $73,409-16.8% |
| Participation rate | 75.1% | 56.1%+19.0pp | 75.4%-0.3pp | 72.2%+2.9pp |
| Annual return | 14.87% | 20.56%-5.7pp | 35.88%-21.0pp | 59.29%-44.4pp |
| Employer contribution / active EE | $2,022 | $1,445+39.9% | $3,263-38.0% | $2,234-9.5% |
| Participant deferral / active EE | $3,376 | $2,400+40.7% | $4,265-20.8% | $3,805-11.3% |
| Admin fee / account holder | $110 | $138-20.3% | $6,581-98.3% | $158-30.3% |