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 Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-6062081 | Recordkeeping | $20,476 |
Service code 10 · EIN 47-2401657 | Accounting | $8,145 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $34,412 | $45,283-24.0% | $155,790-77.9% | $52,331-34.2% |
| Participation rate | 45.8% | 62.2%-16.4pp | 76.1%-30.3pp | 68.1%-22.3pp |
| Annual return | -1.20% | 1.80%-3.0pp | 71.54%-72.7pp | 4.54%-5.7pp |
| Employer contribution / active EE | $460 | $1,329-65.4% | $3,836-88.0% | $1,882-75.5% |
| Participant deferral / active EE | $1,905 | $2,854-33.3% | $4,797-60.3% | $3,022-37.0% |
| Admin fee / account holder | $247 | $981-74.8% | $7,478-96.7% | $592-58.3% |