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 7-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 | $18,529 |
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 | $92,034 | $59,186+55.5% | $76,768+19.9% | $56,287+63.5% |
| Participation rate | 51.8% | 75.2%-23.4pp | 77.0%-25.2pp | 69.9%-18.0pp |
| Annual return | -2.67% | 6.62%-9.3pp | 2.43%-5.1pp | -9.96%+7.3pp |
| Employer contribution / active EE | $712 | $1,759-59.5% | $2,485-71.4% | $2,111-66.3% |
| Participant deferral / active EE | $3,667 | $3,255+12.7% | $3,852-4.8% | $3,350+9.5% |
| Admin fee / account holder | $168 | $489-65.6% | $6,675-97.5% | $521-67.7% |