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 Service code 15 · EIN 45-6026081 | Recordkeeping | $24,925 |
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $10,888 |
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 | $40,960 | $57,108-28.3% | $94,224-56.5% | $52,331-21.7% |
| Participation rate | 80.7% | 72.9%+7.8pp | 78.8%+2.0pp | 68.1%+12.6pp |
| Annual return | -1.12% | 1.47%-2.6pp | 10.68%-11.8pp | 4.54%-5.7pp |
| Employer contribution / active EE | $906 | $1,735-47.8% | $3,587-74.7% | $1,882-51.8% |
| Participant deferral / active EE | $2,318 | $3,040-23.8% | $4,320-46.4% | $3,022-23.3% |
| Admin fee / account holder | $195 | $546-64.4% | $6,269-96.9% | $592-67.1% |