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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,678 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $84,333 | $61,473+37.2% | $81,930+2.9% | $73,409+14.9% |
| Participation rate | 97.4% | 72.4%+25.0pp | 72.0%+25.4pp | 72.2%+25.2pp |
| Annual return | 16.88% | 28.26%-11.4pp | 29.49%-12.6pp | 59.29%-42.4pp |
| Employer contribution / active EE | $3,173 | $1,898+67.2% | $4,310-26.4% | $2,234+42.1% |
| Participant deferral / active EE | $4,217 | $3,080+36.9% | $7,107-40.7% | $3,805+10.8% |
| Admin fee / account holder | $31 | $125-75.6% | $5,158-99.4% | $158-80.6% |