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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $11,328 |
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 | $83,714 | $53,925+55.2% | $75,670+10.6% | $69,631+20.2% |
| Participation rate | 96.6% | 71.2%+25.4pp | 72.3%+24.2pp | 70.7%+25.9pp |
| Annual return | 14.86% | 17.84%-3.0pp | 27.34%-12.5pp | 27571.02%-27556.2pp |
| Employer contribution / active EE | $2,771 | $1,802+53.7% | $2,352+17.8% | $2,032+36.3% |
| Participant deferral / active EE | $4,071 | $2,569+58.5% | $3,142+29.6% | $3,224+26.3% |
| Admin fee / account holder | $23 | $97-75.9% | $5,800-99.6% | $110-78.9% |