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 | $18,713 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $12,296 | $46,360-73.5% | $147,614-91.7% | $52,331-76.5% |
| Participation rate | 88.2% | 64.9%+23.2pp | 84.6%+3.6pp | 68.1%+20.1pp |
| Annual return | 1.45% | 1.62%-0.2pp | 61.98%-60.5pp | 4.54%-3.1pp |
| Employer contribution / active EE | $1,411 | $2,126-33.6% | $5,564-74.6% | $1,882-25.0% |
| Participant deferral / active EE | $2,060 | $2,258-8.7% | $4,895-57.9% | $3,022-31.8% |
| Admin fee / account holder | $76 | $766-90.0% | $11,611-99.3% | $592-87.1% |