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 6-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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $28,227 |
BURDETTE SMITH & BISH LLC2 years Service code 10 · EIN 45-4037800 | Accounting | $18,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $8,741 | $44,473-80.3% | $76,523-88.6% | $55,725-84.3% |
| Participation rate | 30.8% | 51.0%-20.2pp | 68.0%-37.2pp | 70.9%-40.1pp |
| Annual return | -7.99% | -2.01%-6.0pp | -0.27%-7.7pp | 244.93%-252.9pp |
| Employer contribution / active EE | $1,142 | $1,101+3.7% | $2,647-56.9% | $2,078-45.0% |
| Participant deferral / active EE | $0 | $1,988-100.0% | $3,835-100.0% | $3,356-100.0% |
| Admin fee / account holder | $194 | $134+44.8% | $4,848-96.0% | $115+68.6% |