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 | $22,781 |
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 | $49,009 | $42,548+15.2% | $74,550-34.3% | $56,287-12.9% |
| Participation rate | 64.2% | 60.5%+3.7pp | 69.1%-5.0pp | 69.9%-5.7pp |
| Annual return | 8.32% | 12.40%-4.1pp | 32.53%-24.2pp | -9.96%+18.3pp |
| Employer contribution / active EE | $1,220 | $855+42.7% | $1,961-37.8% | $2,111-42.2% |
| Participant deferral / active EE | $1,644 | $2,277-27.8% | $3,108-47.1% | $3,350-50.9% |
| Admin fee / account holder | $164 | $467-64.9% | $5,060-96.8% | $521-68.5% |