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 4-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 | $72,439 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,687 | $103,918-64.7% | $94,646-61.2% | $80,160-54.2% |
| Participation rate | 37.3% | 85.8%-48.5pp | 80.8%-43.5pp | 72.9%-35.6pp |
| Annual return | 28.42% | 27.77%+0.6pp | 156.71%-128.3pp | 40.38%-12.0pp |
| Employer contribution / active EE | $1,234 | $3,539-65.1% | $3,672-66.4% | $2,978-58.6% |
| Participant deferral / active EE | $2,299 | $9,528-75.9% | $7,418-69.0% | $5,017-54.2% |
| Admin fee / account holder | $103 | $96+6.6% | $7,231-98.6% | $145-29.1% |