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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $9,029 |
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 | $75,737 | $50,106+51.2% | $70,014+8.2% | $57,658+31.4% |
| Participation rate | 99.8% | 70.9%+28.9pp | 71.8%+27.9pp | 70.2%+29.5pp |
| Annual return | 6.62% | 14.58%-8.0pp | 12.99%-6.4pp | 5.13%+1.5pp |
| Employer contribution / active EE | $2,833 | $1,739+62.9% | $2,338+21.2% | $1,974+43.5% |
| Participant deferral / active EE | $4,252 | $2,486+71.1% | $2,931+45.1% | $3,061+38.9% |
| Admin fee / account holder | $18 | $89-80.1% | $4,380-99.6% | $95-81.2% |