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 | $30,529 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $21,692 | $44,229-51.0% | $155,790-86.1% | $55,191-60.7% |
| Participation rate | 34.8% | 60.8%-26.0pp | 76.1%-41.3pp | 69.2%-34.4pp |
| Annual return | 2.26% | 0.37%+1.9pp | 71.54%-69.3pp | 10.78%-8.5pp |
| Employer contribution / active EE | $251 | $1,317-81.0% | $3,836-93.5% | $1,899-86.8% |
| Participant deferral / active EE | $1,318 | $2,851-53.8% | $4,797-72.5% | $3,046-56.7% |
| Admin fee / account holder | $74 | $86-14.0% | $7,478-99.0% | $91-18.4% |