Filed September 29, 2022 (most recent of 5 filings on file)
Total covered: 2 employees
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 |
|---|---|---|
UNITED BENEFITS GROUP3 years Service code 26 · EIN 01-0689331 | Advisory (Participants) | $6,523 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $6,020 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $25,025 | $124,414-79.9% | $115,157-78.3% | $67,579-63.0% |
| Participation rate | 69.8% | 58.1%+11.7pp | 75.9%-6.1pp | 71.3%-1.5pp |
| Annual return | 39.74% | 29.40%+10.3pp | 35.60%+4.1pp | 378.56%-338.8pp |
| Employer contribution / active EE | $0 | $1,454-100.0% | $3,179-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $1,838 | $2,331-21.1% | $4,168-55.9% | $3,539-48.1% |
| Admin fee / account holder | $42 | $361-88.5% | $7,088-99.4% | $142-70.8% |