Filed October 27, 2014
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 | $16,607 |
Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $0 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $8,082 | $44,873-82.0% | $79,464-89.8% | $56,287-85.6% |
| Participation rate | 74.8% | 68.7%+6.0pp | 73.3%+1.4pp | 69.9%+4.9pp |
| Annual return | -13.63% | 0.81%-14.4pp | 718.14%-731.8pp | -9.96%-3.7pp |
| Employer contribution / active EE | $479 | $2,140-77.6% | $2,800-82.9% | $2,111-77.3% |
| Participant deferral / active EE | $2,119 | $2,746-22.8% | $3,704-42.8% | $3,350-36.7% |
| Admin fee / account holder | $84 | $418-79.9% | $5,113-98.4% | $521-83.8% |