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 | $1,698 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $58,754 | $65,557-10.4% | $64,056-8.3% | $71,457-17.8% |
| Participation rate | 30.8% | 73.2%-42.4pp | 72.3%-41.5pp | 67.9%-37.2pp |
| Annual return | 14.20% | 18.94%-4.7pp | 33.69%-19.5pp | 28.85%-14.7pp |
| Employer contribution / active EE | $0 | $2,669-100.0% | $2,747-100.0% | $2,588-100.0% |
| Participant deferral / active EE | $1,060 | $3,626-70.8% | $3,880-72.7% | $4,289-75.3% |
| Admin fee / account holder | $44 | $616-92.9% | $3,068-98.6% | $1,587-97.3% |