Filed June 20, 2023
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.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $185,145 |
HAYS FINANCIAL GROUP5 years Filed as: HAYS COMPANIES, INC. Service code 26 · EIN 83-2217196 | Advisory (Participants) | $58,933 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $6,797 | $53,199-87.2% | $155,567-95.6% | $199,768-96.6% |
| Participation rate | 94.4% | 64.1%+30.3pp | 78.2%+16.2pp | 72.0%+22.4pp |
| Annual return | 14.27% | 41.17%-26.9pp | 64.74%-50.5pp | 34.26%-20.0pp |
| Employer contribution / active EE | $887 | $1,852-52.1% | $4,674-81.0% | $3,037-70.8% |
| Participant deferral / active EE | $1,739 | $3,163-45.0% | $5,628-69.1% | $5,090-65.8% |
| Admin fee / account holder | $103 | $186-44.7% | $15,916-99.4% | $269-61.9% |