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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $23,703 |
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 | $25,793 | $37,044-30.4% | $71,796-64.1% | $57,658-55.3% |
| Participation rate | 85.6% | 61.1%+24.4pp | 69.1%+16.4pp | 70.2%+15.3pp |
| Annual return | 6.74% | 12.64%-5.9pp | 78.04%-71.3pp | 5.13%+1.6pp |
| Employer contribution / active EE | $608 | $720-15.5% | $1,924-68.4% | $1,974-69.2% |
| Participant deferral / active EE | $906 | $1,974-54.1% | $2,794-67.6% | $3,061-70.4% |
| Admin fee / account holder | $86 | $101-15.2% | $4,815-98.2% | $95-9.5% |