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+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $14,091 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $13,076 | $44,229-70.4% | $155,790-91.6% | $55,191-76.3% |
| Participation rate | 51.5% | 60.8%-9.4pp | 76.1%-24.6pp | 69.2%-17.7pp |
| Annual return | -0.17% | 0.37%-0.5pp | 71.54%-71.7pp | 10.78%-10.9pp |
| Employer contribution / active EE | $817 | $1,317-38.0% | $3,836-78.7% | $1,899-57.0% |
| Participant deferral / active EE | $1,426 | $2,851-50.0% | $4,797-70.3% | $3,046-53.2% |
| Admin fee / account holder | $32 | $86-62.9% | $7,478-99.6% | $91-64.8% |