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 year Service code 15 · EIN 45-6062081 | Recordkeeping | $7,423 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $20,475 | $50,637-59.6% | $86,590-76.4% | $62,292-67.1% |
| Participation rate | 48.7% | 67.9%-19.2pp | 73.5%-24.8pp | 69.5%-20.8pp |
| Annual return | 21.58% | 20.80%+0.8pp | 964.84%-943.3pp | 28.90%-7.3pp |
| Employer contribution / active EE | $8 | $2,075-99.6% | $2,839-99.7% | $2,042-99.6% |
| Participant deferral / active EE | $2,748 | $2,611+5.2% | $3,609-23.9% | $3,169-13.3% |
| Admin fee / account holder | $99 | $413-76.1% | $4,906-98.0% | $479-79.4% |