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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $52,054 |
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 | $94,078 | $41,467+126.9% | $67,313+39.8% | $55,725+68.8% |
| Participation rate | 55.2% | 62.5%-7.3pp | 69.1%-13.9pp | 70.9%-15.7pp |
| Annual return | -5.50% | 0.82%-6.3pp | -4.08%-1.4pp | 244.93%-250.4pp |
| Employer contribution / active EE | $679 | $1,316-48.4% | $2,566-73.5% | $2,078-67.3% |
| Participant deferral / active EE | $2,900 | $2,399+20.8% | $3,568-18.7% | $3,356-13.6% |
| Admin fee / account holder | $189 | $102+84.8% | $4,507-95.8% | $115+63.7% |