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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $41,800 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $106,802 | $122,186-12.6% | $146,958-27.3% | $199,593-46.5% |
| Participation rate | 87.0% | 78.3%+8.7pp | 82.2%+4.8pp | 72.0%+15.0pp |
| Annual return | 16.72% | 30.56%-13.8pp | 418.34%-401.6pp | 34.25%-17.5pp |
| Employer contribution / active EE | $5,959 | $4,093+45.6% | $4,933+20.8% | $3,034+96.4% |
| Participant deferral / active EE | $5,414 | $8,502-36.3% | $8,070-32.9% | $5,087+6.4% |
| Admin fee / account holder | $27 | $179-84.8% | $12,998-99.8% | $269-89.9% |