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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $37,931 |
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 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 | $28,837 | $43,233-33.3% | $185,117-84.4% | $77,958-63.0% |
| Participation rate | 34.1% | 64.2%-30.1pp | 77.3%-43.1pp | 71.6%-37.5pp |
| Annual return | 21.58% | 20.43%+1.2pp | 40.50%-18.9pp | 20.87%+0.7pp |
| Employer contribution / active EE | $272 | $1,312-79.3% | $4,182-93.5% | $2,310-88.2% |
| Participant deferral / active EE | $1,340 | $2,912-54.0% | $5,045-73.4% | $3,537-62.1% |
| Admin fee / account holder | $76 | $95-19.8% | $8,159-99.1% | $97-21.6% |