Filed March 5, 2025 (most recent of 2 filings on file)
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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $9,190 |
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 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 | $40,362 | $33,232+21.5% | $71,796-43.8% | $63,975-36.9% |
| Participation rate | 26.7% | 60.1%-33.4pp | 69.1%-42.4pp | 71.1%-44.5pp |
| Annual return | 11.02% | 11.99%-1.0pp | 78.04%-67.0pp | 48.65%-37.6pp |
| Employer contribution / active EE | $483 | $723-33.1% | $1,924-74.9% | $2,182-77.8% |
| Participant deferral / active EE | $1,529 | $1,604-4.7% | $2,794-45.3% | $3,356-54.5% |
| Admin fee / account holder | $12 | $63-80.6% | $4,815-99.7% | $70-82.6% |