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 Filed as: ALERUS FINANCIAL N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $28,105 |
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).
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 | $102,813 | $58,726+75.1% | $92,233+11.5% | $62,292+65.0% |
| Participation rate | 63.7% | 68.3%-4.6pp | 76.5%-12.8pp | 69.5%-5.8pp |
| Annual return | 17.60% | 43.62%-26.0pp | 176.28%-158.7pp | 28.90%-11.3pp |
| Employer contribution / active EE | $5,798 | $2,392+142.4% | $3,679+57.6% | $2,042+183.9% |
| Participant deferral / active EE | $6,020 | $2,766+117.7% | $3,897+54.5% | $3,169+90.0% |
| Admin fee / account holder | $230 | $556-58.6% | $5,194-95.6% | $479-51.9% |