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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $57,621 |
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,615 | $95,388-20.7% | $125,339-39.7% | $77,904-2.9% |
| Participation rate | 83.3% | 78.6%+4.7pp | 82.4%+0.9pp | 73.7%+9.6pp |
| Annual return | -17.17% | 116.19%-133.4pp | 572.05%-589.2pp | 12.21%-29.4pp |
| Employer contribution / active EE | $4,930 | $3,666+34.5% | $4,814+2.4% | $2,848+73.1% |
| Participant deferral / active EE | $4,713 | $7,711-38.9% | $7,446-36.7% | $4,806-1.9% |
| Admin fee / account holder | $42 | $119-64.6% | $10,010-99.6% | $133-68.2% |