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.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $4,603 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $20,007 | $35,949-44.3% | $88,538-77.4% | $65,185-69.3% |
| Participation rate | 26.5% | 56.4%-29.8pp | 68.7%-42.2pp | 70.2%-43.7pp |
| Annual return | 20.72% | 47.52%-26.8pp | 43.64%-22.9pp | 29.38%-8.7pp |
| Employer contribution / active EE | $0 | $1,047-100.0% | $2,098-100.0% | $2,177-100.0% |
| Participant deferral / active EE | $647 | $1,870-65.4% | $2,914-77.8% | $3,514-81.6% |
| Admin fee / account holder | $58 | $496-88.3% | $4,310-98.6% | $847-93.1% |