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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $45,722 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $65,208 | $91,762-28.9% | $67,502-3.4% | $77,643-16.0% |
| Participation rate | 57.0% | 75.9%-18.9pp | 72.9%-15.8pp | 70.6%-13.5pp |
| Annual return | 16.58% | 14.87%+1.7pp | 3512.12%-3495.5pp | 31.24%-14.7pp |
| Employer contribution / active EE | $816 | $3,181-74.3% | $2,731-70.1% | $2,726-70.1% |
| Participant deferral / active EE | $3,028 | $3,903-22.4% | $4,000-24.3% | $4,647-34.8% |
| Admin fee / account holder | $262 | $176+48.9% | $3,998-93.4% | $430-39.1% |