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 6-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.4+ years Filed as: ALERUS Service code 21 · EIN 45-6062081 | Bank Trustee | $50,000 |
CROWE LLP3 years Service code 16 · EIN 35-0921680 | Consulting | $35,090 |
PENCHECKS2 years Filed as: PENCHECKS, INC. Service code 63 · EIN 33-6134835 | 12b-1 Fees | $33,461 |
GRANT THORNTON LLP3 years Service code 10 171 N. CLARK STREET, SUITE 200 · CHICAGO, IL 60601 | Accounting | $23,805 |
BALLARD SPAHR LLP4+ years Filed as: BALLARD SPAHR Service code 29 · EIN 23-0382195 | Legal | $5,251 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,343 | $105,860-89.3% | $90,749-87.5% | $134,475-91.6% |
| Participation rate | 0.0% | 78.2%-78.2pp | 75.7%-75.7pp | 81.2%-81.2pp |
| Annual return | 10.61% | -11.01%+21.6pp | -12.16%+22.8pp | 417.96%-407.4pp |
| Employer contribution / active EE | $0 | $3,462-100.0% | $2,921-100.0% | $4,740-100.0% |
| Participant deferral / active EE | $0 | $5,216-100.0% | $4,564-100.0% | $6,400-100.0% |
| Admin fee / account holder | $150 | $13,938-98.9% | $8,445-98.2% | $11,426-98.7% |