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.1 year Filed as: ALERUS FINANCIAL N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $22,110 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $92,910 | $52,884+75.7% | $84,750+9.6% | $55,167+68.4% |
| Participation rate | 61.0% | 67.5%-6.5pp | 76.6%-15.6pp | 69.0%-8.0pp |
| Annual return | 9.76% | 18.03%-8.3pp | 22.78%-13.0pp | 169.23%-159.5pp |
| Employer contribution / active EE | $4,309 | $2,233+92.9% | $3,574+20.5% | $1,963+119.5% |
| Participant deferral / active EE | $4,586 | $2,644+73.5% | $3,712+23.6% | $3,054+50.2% |
| Admin fee / account holder | $215 | $581-63.0% | $5,332-96.0% | $504-57.4% |