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 FINANCIAL Service code 15 · EIN 45-0375407 | Recordkeeping | $66,906 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $26,914 | $27,330-1.5% | $67,711-60.3% | $55,191-51.2% |
| Participation rate | 64.2% | 47.5%+16.7pp | 67.5%-3.3pp | 69.2%-5.0pp |
| Annual return | 0.12% | 8.81%-8.7pp | 25.41%-25.3pp | 10.78%-10.7pp |
| Employer contribution / active EE | $830 | $855-2.9% | $2,559-67.6% | $1,899-56.3% |
| Participant deferral / active EE | $2,895 | $1,709+69.4% | $3,585-19.2% | $3,046-5.0% |
| Admin fee / account holder | $216 | $109+97.5% | $4,255-94.9% | $91+137.7% |