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 9-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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $14,607 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $27,394 | $52,293-47.6% | $178,490-84.7% | $73,409-62.7% |
| Participation rate | 34.4% | 65.3%-31.0pp | 81.9%-47.6pp | 72.2%-37.8pp |
| Annual return | 3.29% | 34.75%-31.5pp | 151.07%-147.8pp | 59.29%-56.0pp |
| Employer contribution / active EE | $524 | $1,735-69.8% | $5,011-89.5% | $2,234-76.6% |
| Participant deferral / active EE | $1,121 | $2,332-51.9% | $5,202-78.4% | $3,805-70.5% |
| Admin fee / account holder | $125 | $127-2.0% | $13,984-99.1% | $158-20.9% |