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 | $47,988 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $94,328 | $39,819+136.9% | $67,834+39.1% | $57,658+63.6% |
| Participation rate | 53.3% | 61.2%-7.9pp | 68.8%-15.5pp | 70.2%-16.9pp |
| Annual return | 8.44% | 9.19%-0.8pp | 138.47%-130.0pp | 5.13%+3.3pp |
| Employer contribution / active EE | $918 | $1,277-28.1% | $2,403-61.8% | $1,974-53.5% |
| Participant deferral / active EE | $2,637 | $2,209+19.4% | $3,160-16.5% | $3,061-13.8% |
| Admin fee / account holder | $186 | $84+122.4% | $4,622-96.0% | $95+96.8% |