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+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $13,716 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $13,529 | $48,364-72.0% | $71,796-81.2% | $62,891-78.5% |
| Participation rate | 74.5% | 60.6%+13.8pp | 69.1%+5.4pp | 69.3%+5.2pp |
| Annual return | 8.33% | 13.16%-4.8pp | 78.04%-69.7pp | 20.14%-11.8pp |
| Employer contribution / active EE | $980 | $1,042-5.9% | $1,924-49.1% | $2,281-57.0% |
| Participant deferral / active EE | $1,868 | $2,091-10.7% | $2,794-33.1% | $3,203-41.7% |
| Admin fee / account holder | $143 | $3,771-96.2% | $4,815-97.0% | $4,296-96.7% |