Filed October 9, 2020
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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $26,766 |
UNITED BENEFITS GROUP4+ years Service code 14 · EIN 01-0689331 | Plan Administrator | $20,931 |
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 | $57,841 | $107,440-46.2% | $105,738-45.3% | $55,725+3.8% |
| Participation rate | 99.3% | 55.5%+43.8pp | 76.3%+22.9pp | 70.9%+28.4pp |
| Annual return | -5.22% | -0.59%-4.6pp | 6.27%-11.5pp | 244.93%-250.1pp |
| Employer contribution / active EE | $1,134 | $1,448-21.7% | $3,268-65.3% | $2,078-45.4% |
| Participant deferral / active EE | $3,350 | $2,171+54.3% | $4,080-17.9% | $3,356-0.2% |
| Admin fee / account holder | $144 | $283-49.1% | $6,913-97.9% | $115+25.1% |