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 | $2,227 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $59,238 | $63,299-6.4% | $91,001-34.9% | $62,292-4.9% |
| Participation rate | 63.9% | 73.3%-9.4pp | 75.6%-11.7pp | 69.5%-5.7pp |
| Annual return | 15.09% | 20.99%-5.9pp | 4.60%+10.5pp | 28.90%-13.8pp |
| Employer contribution / active EE | $403 | $1,807-77.7% | $2,456-83.6% | $2,042-80.2% |
| Participant deferral / active EE | $1,425 | $2,943-51.6% | $3,547-59.8% | $3,169-55.0% |
| Admin fee / account holder | $15 | $468-96.7% | $5,417-99.7% | $479-96.8% |