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 |
|---|---|---|
FINANCIAL STRATEGIES GROUP3+ years Service code 28 · EIN 37-1456006 | Investment Management | $53,148 |
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,682 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $34,909 | $48,064-27.4% | $78,778-55.7% | $69,631-49.9% |
| Participation rate | 60.2% | 61.6%-1.3pp | 69.2%-9.0pp | 70.7%-10.4pp |
| Annual return | 13.76% | 21.81%-8.1pp | 35.62%-21.9pp | 27571.02%-27557.3pp |
| Employer contribution / active EE | $551 | $744-25.9% | $1,986-72.2% | $2,032-72.9% |
| Participant deferral / active EE | $2,264 | $2,079+8.9% | $2,958-23.5% | $3,224-29.8% |
| Admin fee / account holder | $360 | $152+136.7% | $5,134-93.0% | $110+225.7% |