Filed July 31, 2020
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $52,156 |
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL LLC Service code 18 · EIN 45-2992935 | Direct payment from the plan; Custodi... | $30,789 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $37,398 | $82,978-54.9% | $130,231-71.3% | $74,419-49.7% |
| Participation rate | 97.0% | 73.7%+23.3pp | 76.3%+20.7pp | 70.7%+26.2pp |
| Annual return | 16.15% | 123.05%-106.9pp | 38.77%-22.6pp | 34.38%-18.2pp |
| Employer contribution / active EE | $3,703 | $3,391+9.2% | $4,126-10.2% | $2,637+40.4% |
| Participant deferral / active EE | $5,696 | $5,370+6.1% | $6,799-16.2% | $4,528+25.8% |
| Admin fee / account holder | $131 | $354-63.1% | $6,020-97.8% | $348-62.5% |