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.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,023 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $59,583 | $65,376-8.9% | $87,100-31.6% | $65,185-8.6% |
| Participation rate | 91.3% | 75.3%+16.0pp | 76.9%+14.5pp | 70.2%+21.1pp |
| Annual return | 24.35% | 31.27%-6.9pp | 28.19%-3.8pp | 29.38%-5.0pp |
| Employer contribution / active EE | $0 | $1,822-100.0% | $2,521-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $8,449 | $3,388+149.4% | $4,049+108.7% | $3,514+140.5% |
| Admin fee / account holder | $136 | $520-73.8% | $7,497-98.2% | $847-83.9% |