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 | $17,357 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $52,006 | $65,376-20.5% | $87,100-40.3% | $65,185-20.2% |
| Participation rate | 63.5% | 75.3%-11.8pp | 76.9%-13.4pp | 70.2%-6.7pp |
| Annual return | 22.68% | 31.27%-8.6pp | 28.19%-5.5pp | 29.38%-6.7pp |
| Employer contribution / active EE | $560 | $1,822-69.3% | $2,521-77.8% | $2,177-74.3% |
| Participant deferral / active EE | $1,523 | $3,388-55.1% | $4,049-62.4% | $3,514-56.7% |
| Admin fee / account holder | $202 | $520-61.2% | $7,497-97.3% | $847-76.2% |