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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,207 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $78,838 | $56,503+39.5% | $70,092+12.5% | $64,808+21.6% |
| Participation rate | 97.9% | 70.5%+27.4pp | 70.5%+27.4pp | 71.5%+26.4pp |
| Annual return | -16.55% | -13.44%-3.1pp | 190.73%-207.3pp | 32.82%-49.4pp |
| Employer contribution / active EE | $3,753 | $2,046+83.4% | $2,559+46.7% | $2,506+49.8% |
| Participant deferral / active EE | $4,543 | $3,389+34.1% | $3,849+18.0% | $4,310+5.4% |
| Admin fee / account holder | $30 | $160-81.1% | $6,267-99.5% | $188-83.9% |