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 | $16,412 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $14,522 | $48,064-69.8% | $78,778-81.6% | $69,631-79.1% |
| Participation rate | 56.3% | 61.6%-5.2pp | 69.2%-12.8pp | 70.7%-14.3pp |
| Annual return | 15.01% | 21.81%-6.8pp | 35.62%-20.6pp | 27571.02%-27556.0pp |
| Employer contribution / active EE | $386 | $744-48.1% | $1,986-80.6% | $2,032-81.0% |
| Participant deferral / active EE | $1,381 | $2,079-33.6% | $2,958-53.3% | $3,224-57.2% |
| Admin fee / account holder | $74 | $152-51.4% | $5,134-98.6% | $110-33.1% |