Filed September 14, 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 |
|---|---|---|
Filed as: AMERIPRISE FINANCIAL SERVICES, INC Service code 53 · EIN 41-0973005 50082 AMERIPRISE FIN CTR · MINNEAPOLIS, MN 55474 | Insurance Commissions | $0 |
Participant contribution per participant 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.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,673 | $91,762-81.8% | $67,502-75.3% | $77,643-78.5% |
| Participation rate | 89.5% | 75.9%+13.6pp | 72.9%+16.6pp | 70.6%+18.9pp |
| Annual return | 12.77% | 14.87%-2.1pp | 3512.12%-3499.4pp | 31.24%-18.5pp |
| Employer contribution / active EE | $1,287 | $3,181-59.5% | $2,731-52.9% | $2,726-52.8% |
| Participant deferral / active EE | $1,386 | $3,903-64.5% | $4,000-65.4% | $4,647-70.2% |
| Admin fee / account holder | $67 | $176-61.8% | $3,998-98.3% | $430-84.4% |