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 | $6,694 |
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.
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 | $23,916 | $39,195-39.0% | $98,755-75.8% | $79,386-69.9% |
| Participation rate | 31.9% | 59.8%-27.9pp | 65.7%-33.8pp | 70.7%-38.8pp |
| Annual return | 21.22% | 19.95%+1.3pp | 49.91%-28.7pp | 116.85%-95.6pp |
| Employer contribution / active EE | $0 | $1,334-100.0% | $2,067-100.0% | $2,427-100.0% |
| Participant deferral / active EE | $683 | $2,333-70.7% | $3,035-77.5% | $4,046-83.1% |
| Admin fee / account holder | $74 | $365-79.6% | $4,076-98.2% | $626-88.1% |