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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $121,580 |
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 | $41,215 | $115,744-64.4% | $100,391-58.9% | $199,593-79.4% |
| Participation rate | 42.3% | 85.7%-43.4pp | 81.5%-39.2pp | 72.0%-29.7pp |
| Annual return | 19.44% | 17.79%+1.6pp | 49.20%-29.8pp | 34.25%-14.8pp |
| Employer contribution / active EE | $1,373 | $3,657-62.5% | $3,942-65.2% | $3,034-54.8% |
| Participant deferral / active EE | $2,712 | $9,844-72.5% | $8,082-66.4% | $5,087-46.7% |
| Admin fee / account holder | $136 | $93+46.2% | $7,899-98.3% | $269-49.5% |