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 | $9,719 |
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 | $15,990 | $44,873-64.4% | $79,464-79.9% | $56,287-71.6% |
| Participation rate | 58.7% | 68.7%-10.0pp | 73.3%-14.6pp | 69.9%-11.1pp |
| Annual return | -6.24% | 0.81%-7.0pp | 718.14%-724.4pp | -9.96%+3.7pp |
| Employer contribution / active EE | $638 | $2,140-70.2% | $2,800-77.2% | $2,111-69.8% |
| Participant deferral / active EE | $3,591 | $2,746+30.8% | $3,704-3.1% | $3,350+7.2% |
| Admin fee / account holder | $113 | $418-73.0% | $5,113-97.8% | $521-78.3% |