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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,590 |
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 | $83,344 | $55,790+49.4% | $76,817+8.5% | $67,579+23.3% |
| Participation rate | 98.6% | 71.1%+27.5pp | 72.1%+26.5pp | 71.3%+27.3pp |
| Annual return | 22.27% | 64.45%-42.2pp | 1166.11%-1143.8pp | 378.56%-356.3pp |
| Employer contribution / active EE | $2,989 | $1,810+65.1% | $2,302+29.8% | $2,148+39.2% |
| Participant deferral / active EE | $4,224 | $2,875+46.9% | $3,336+26.6% | $3,539+19.3% |
| Admin fee / account holder | $38 | $159-75.8% | $6,420-99.4% | $142-73.0% |