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 | $55,805 |
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 | $12,591 | $69,305-81.8% | $82,313-84.7% | $69,631-81.9% |
| Participation rate | 65.6% | 80.3%-14.6pp | 76.9%-11.3pp | 70.7%-5.0pp |
| Annual return | 21.19% | 21.47%-0.3pp | 25.88%-4.7pp | 27571.02%-27549.8pp |
| Employer contribution / active EE | $1,378 | $1,887-27.0% | $2,428-43.3% | $2,032-32.2% |
| Participant deferral / active EE | $2,157 | $3,568-39.5% | $3,706-41.8% | $3,224-33.1% |
| Admin fee / account holder | $113 | $97+16.7% | $5,608-98.0% | $110+2.7% |