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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $47,509 |
ALERUS FINANCIAL, N.A.3+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $18,796 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $58,210 | $31,424+85.2% | $81,478-28.6% | $69,631-16.4% |
| Participation rate | 31.5% | 50.8%-19.4pp | 68.0%-36.5pp | 70.7%-39.2pp |
| Annual return | 17.87% | 22.44%-4.6pp | 38.78%-20.9pp | 27571.02%-27553.2pp |
| Employer contribution / active EE | $0 | $1,029-100.0% | $2,568-100.0% | $2,032-100.0% |
| Participant deferral / active EE | $1,669 | $1,838-9.2% | $3,537-52.8% | $3,224-48.2% |
| Admin fee / account holder | $223 | $103+116.9% | $4,561-95.1% | $110+101.5% |