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 | $7,518 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $11,551 | $47,977-75.9% | $154,107-92.5% | $56,287-79.5% |
| Participation rate | 96.4% | 66.2%+30.2pp | 83.0%+13.4pp | 69.9%+26.6pp |
| Annual return | -7.94% | 3.54%-11.5pp | 735.12%-743.1pp | -9.96%+2.0pp |
| Employer contribution / active EE | $1,036 | $2,169-52.2% | $5,298-80.4% | $2,111-50.9% |
| Participant deferral / active EE | $1,866 | $2,392-22.0% | $5,081-63.3% | $3,350-44.3% |
| Admin fee / account holder | $36 | $438-91.8% | $13,411-99.7% | $521-93.1% |