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 | $1,637 |
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).
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 | $18,057 | $63,299-71.5% | $91,001-80.2% | $62,292-71.0% |
| Participation rate | 97.5% | 73.3%+24.2pp | 75.6%+21.9pp | 69.5%+28.0pp |
| Annual return | 21.38% | 20.99%+0.4pp | 4.60%+16.8pp | 28.90%-7.5pp |
| Employer contribution / active EE | $413 | $1,807-77.1% | $2,456-83.2% | $2,042-79.8% |
| Participant deferral / active EE | $2,006 | $2,943-31.8% | $3,547-43.4% | $3,169-36.7% |
| Admin fee / account holder | $13 | $468-97.1% | $5,417-99.8% | $479-97.2% |