Filed January 28, 2022
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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $56,900 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $50,543 | $54,193-6.7% | $93,606-46.0% | $77,643-34.9% |
| Participation rate | 94.4% | 63.9%+30.5pp | 68.7%+25.7pp | 70.6%+23.8pp |
| Annual return | 15.39% | 30.54%-15.2pp | 133.20%-117.8pp | 31.24%-15.8pp |
| Employer contribution / active EE | $2,060 | $1,168+76.4% | $2,420-14.9% | $2,726-24.4% |
| Participant deferral / active EE | $3,005 | $3,144-4.4% | $4,411-31.9% | $4,647-35.3% |
| Admin fee / account holder | $128 | $576-77.7% | $8,285-98.4% | $430-70.2% |