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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $15,788 |
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 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 | $43,749 | $52,884-17.3% | $84,750-48.4% | $55,167-20.7% |
| Participation rate | 40.2% | 67.5%-27.4pp | 76.6%-36.4pp | 69.0%-28.8pp |
| Annual return | 13.67% | 18.03%-4.4pp | 22.78%-9.1pp | 169.23%-155.6pp |
| Employer contribution / active EE | $467 | $2,233-79.1% | $3,574-86.9% | $1,963-76.2% |
| Participant deferral / active EE | $1,979 | $2,644-25.2% | $3,712-46.7% | $3,054-35.2% |
| Admin fee / account holder | $273 | $581-52.9% | $5,332-94.9% | $504-45.8% |