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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $22,431 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $126,662 | $59,402+113.2% | $93,654+35.2% | $74,546+69.9% |
| Participation rate | 64.8% | 59.7%+5.1pp | 68.7%-3.9pp | 67.2%-2.4pp |
| Annual return | 16.66% | 81.86%-65.2pp | 133.34%-116.7pp | 1366.03%-1349.4pp |
| Employer contribution / active EE | $1,668 | $1,265+31.9% | $2,421-31.1% | $2,624-36.4% |
| Participant deferral / active EE | $4,242 | $3,049+39.1% | $4,413-3.9% | $4,347-2.4% |
| Admin fee / account holder | $214 | $3,023-92.9% | $8,282-97.4% | $1,944-89.0% |