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 | $5,674 |
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 | $11,865 | $46,360-74.4% | $147,614-92.0% | $52,331-77.3% |
| Participation rate | 90.6% | 64.9%+25.7pp | 84.6%+6.0pp | 68.1%+22.5pp |
| Annual return | -7.81% | 1.62%-9.4pp | 61.98%-69.8pp | 4.54%-12.4pp |
| Employer contribution / active EE | $815 | $2,126-61.7% | $5,564-85.4% | $1,882-56.7% |
| Participant deferral / active EE | $1,345 | $2,258-40.4% | $4,895-72.5% | $3,022-55.5% |
| Admin fee / account holder | $33 | $766-95.7% | $11,611-99.7% | $592-94.4% |