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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $1,155 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $59,584 | $74,706-20.2% | $75,696-21.3% | $79,386-24.9% |
| Participation rate | 30.7% | 75.3%-44.7pp | 74.8%-44.1pp | 70.7%-40.0pp |
| Annual return | 31.28% | 18.52%+12.8pp | 104.53%-73.3pp | 116.85%-85.6pp |
| Employer contribution / active EE | $0 | $2,590-100.0% | $2,743-100.0% | $2,427-100.0% |
| Participant deferral / active EE | $955 | $3,533-73.0% | $3,821-75.0% | $4,046-76.4% |
| Admin fee / account holder | $30 | $374-92.1% | $3,619-99.2% | $626-95.3% |