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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $965 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $50,430 | $50,385+0.1% | $75,670-33.4% | $62,292-19.0% |
| Participation rate | 66.7% | 67.7%-1.0pp | 72.3%-5.7pp | 69.5%-2.8pp |
| Annual return | 22.17% | 19.90%+2.3pp | 27.34%-5.2pp | 28.90%-6.7pp |
| Employer contribution / active EE | $2,032 | $1,537+32.2% | $2,352-13.6% | $2,042-0.5% |
| Participant deferral / active EE | $3,941 | $2,445+61.2% | $3,142+25.4% | $3,169+24.4% |
| Admin fee / account holder | $9 | $384-97.7% | $5,800-99.8% | $479-98.1% |