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 |
|---|---|---|
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $22,230 |
UNITED BENEFITS GROUP5 years Service code 26 · EIN 01-0689331 | Advisory (Participants) | $2,440 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,429 | $62,581-45.0% | $124,672-72.4% | $86,799-60.3% |
| Participation rate | 67.0% | 56.9%+10.1pp | 74.6%-7.6pp | 72.3%-5.3pp |
| Annual return | 63.03% | 26.67%+36.4pp | 5142.93%-5079.9pp | 97.91%-34.9pp |
| Employer contribution / active EE | $0 | $1,604-100.0% | $3,324-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $1,872 | $2,725-31.3% | $4,614-59.4% | $4,131-54.7% |
| Admin fee / account holder | $58 | $170-66.0% | $7,493-99.2% | $170-66.0% |