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 Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 | Recordkeeping | $4,717 |
Service code 15 · EIN 23-1928421 | Recordkeeping | $2,618 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,860 | $58,083-65.8% | $80,019-75.2% | $56,287-64.7% |
| Participation rate | 88.6% | 73.6%+15.0pp | 75.8%+12.8pp | 69.9%+18.8pp |
| Annual return | -0.98% | 34.61%-35.6pp | 11.22%-12.2pp | -9.96%+9.0pp |
| Employer contribution / active EE | $407 | $1,932-79.0% | $2,468-83.5% | $2,111-80.7% |
| Participant deferral / active EE | $2,064 | $3,135-34.2% | $3,686-44.0% | $3,350-38.4% |
| Admin fee / account holder | $66 | $623-89.5% | $6,521-99.0% | $521-87.4% |