Filed June 1, 2022 (most recent of 4 filings on file)
Total covered: 10 employees
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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $28,548 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $76,045 | $100,801-24.6% | $149,696-49.2% | $73,409+3.6% |
| Participation rate | 89.9% | 77.7%+12.2pp | 82.5%+7.4pp | 72.2%+17.7pp |
| Annual return | 19.35% | 265.34%-246.0pp | 276.60%-257.3pp | 59.29%-39.9pp |
| Employer contribution / active EE | $4,700 | $3,312+41.9% | $4,644+1.2% | $2,234+110.4% |
| Participant deferral / active EE | $4,293 | $6,404-33.0% | $6,842-37.3% | $3,805+12.8% |
| Admin fee / account holder | $22 | $181-87.7% | $9,309-99.8% | $158-85.9% |