Filed May 8, 2023 (most recent of 5 filings on file)
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+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $7,407 |
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 | $85,592 | $48,277+77.3% | $63,517+34.8% | $55,191+55.1% |
| Participation rate | 98.6% | 69.4%+29.2pp | 71.0%+27.6pp | 69.2%+29.4pp |
| Annual return | 0.39% | 2.37%-2.0pp | -70.30%+70.7pp | 10.78%-10.4pp |
| Employer contribution / active EE | $2,737 | $1,592+71.9% | $2,322+17.9% | $1,899+44.1% |
| Participant deferral / active EE | $4,251 | $2,432+74.8% | $2,953+43.9% | $3,046+39.5% |
| Admin fee / account holder | $18 | $86-79.0% | $5,892-99.7% | $91-80.1% |