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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $11,613 |
Filed as: AXA ADVISORS Service code 26 3141 FAIRVIEW PARK DR, SUITE 250 · FALLS CHURCH, VA 22042 | Advisory (Participants) | $11,281 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $41,290 | $66,124-37.6% | $90,404-54.3% | $73,488-43.8% |
| Participation rate | 37.0% | 69.7%-32.7pp | 72.7%-35.7pp | 70.7%-33.7pp |
| Annual return | 25.68% | 17.65%+8.0pp | 1293.02%-1267.3pp | 28.51%-2.8pp |
| Employer contribution / active EE | $209 | $2,346-91.1% | $3,262-93.6% | $2,270-90.8% |
| Participant deferral / active EE | $1,776 | $3,039-41.6% | $3,963-55.2% | $3,740-52.5% |
| Admin fee / account holder | $266 | $396-32.8% | $5,611-95.3% | $513-48.1% |