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.7 years Service code 15 · EIN 45-6062081 | Recordkeeping | $7,237 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,746 | $28,601-27.5% | $71,735-71.1% | $66,914-69.0% |
| Participation rate | 32.3% | 56.7%-24.3pp | 62.3%-30.0pp | 69.8%-37.5pp |
| Annual return | -13.80% | -10.90%-2.9pp | 9.14%-22.9pp | 1.58%-15.4pp |
| Employer contribution / active EE | $0 | $1,104-100.0% | $1,704-100.0% | $2,544-100.0% |
| Participant deferral / active EE | $837 | $1,912-56.2% | $2,658-68.5% | $4,237-80.3% |
| Admin fee / account holder | $84 | $506-83.4% | $3,974-97.9% | $593-85.8% |