Filed March 15, 2018
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 |
|---|---|---|
MELD FINANCIAL, INC.2+ years Service code 27 · EIN 63-1149380 | Advisory (Plan) | $197,935 |
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 | Recordkeeping | $19,705 |
TD AMERITRADE, INC.2+ years Filed as: TD AMERITRADE TRUST COMPANY Service code 19 · EIN 20-0937408 | Securities Custodian | $8,514 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $51,906 | $36,916+40.6% | $156,549-66.8% | $57,658-10.0% |
| Participation rate | 96.3% | 63.4%+32.8pp | 84.0%+12.3pp | 70.2%+26.1pp |
| Annual return | 10.21% | 12.38%-2.2pp | 32.23%-22.0pp | 5.13%+5.1pp |
| Employer contribution / active EE | $5,479 | $1,571+248.9% | $5,501-0.4% | $1,974+177.6% |
| Participant deferral / active EE | $5,617 | $1,926+191.7% | $4,871+15.3% | $3,061+83.5% |
| Admin fee / account holder | $424 | $82+413.4% | $13,027-96.7% | $95+348.0% |