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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $51,552 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $50,667 | $48,592+4.3% | $185,823-72.7% | $90,288-43.9% |
| Participation rate | 32.3% | 66.2%-34.0pp | 78.0%-45.8pp | 73.4%-41.1pp |
| Annual return | 21.93% | 68.51%-46.6pp | 35.95%-14.0pp | 53.97%-32.0pp |
| Employer contribution / active EE | $352 | $1,389-74.6% | $4,087-91.4% | $2,524-86.0% |
| Participant deferral / active EE | $1,640 | $3,463-52.6% | $5,632-70.9% | $4,232-61.3% |
| Admin fee / account holder | $106 | $77+37.4% | $9,500-98.9% | $114-6.7% |