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 | $49,612 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $8,734 | $63,905-86.3% | $74,183-88.2% | $57,658-84.9% |
| Participation rate | 67.9% | 79.8%-11.9pp | 76.6%-8.7pp | 70.2%-2.3pp |
| Annual return | 10.28% | 60.60%-50.3pp | 17.74%-7.5pp | 5.13%+5.1pp |
| Employer contribution / active EE | $1,179 | $1,840-35.9% | $2,370-50.3% | $1,974-40.3% |
| Participant deferral / active EE | $1,792 | $3,448-48.0% | $3,550-49.5% | $3,061-41.5% |
| Admin fee / account holder | $114 | $91+25.2% | $5,586-98.0% | $95+20.7% |