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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $11,693 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
The opinion is qualified. A specific issue limited the scope or accuracy of the audit.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $59,221 | $55,636+6.4% | $81,983-27.8% | $73,488-19.4% |
| Participation rate | 38.7% | 62.3%-23.6pp | 69.2%-30.6pp | 70.7%-32.0pp |
| Annual return | 11.73% | 19.07%-7.3pp | 41.31%-29.6pp | 28.51%-16.8pp |
| Employer contribution / active EE | $1,241 | $1,625-23.6% | $2,498-50.3% | $2,270-45.4% |
| Participant deferral / active EE | $1,840 | $2,762-33.4% | $3,722-50.6% | $3,740-50.8% |
| Admin fee / account holder | $280 | $493-43.1% | $5,664-95.0% | $513-45.3% |