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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $3,743 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant 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 | $56,409 | $56,629-0.4% | $77,999-27.7% | $55,167+2.3% |
| Participation rate | 59.9% | 73.3%-13.4pp | 75.5%-15.6pp | 69.0%-9.1pp |
| Annual return | 5.86% | 2866.98%-2861.1pp | 425.96%-420.1pp | 169.23%-163.4pp |
| Employer contribution / active EE | $0 | $1,723-100.0% | $2,470-100.0% | $1,963-100.0% |
| Participant deferral / active EE | $1,126 | $2,777-59.5% | $3,497-67.8% | $3,054-63.1% |
| Admin fee / account holder | $29 | $467-93.7% | $5,480-99.5% | $504-94.2% |