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.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $21,616 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,246 | $69,823+6.3% | $77,163-3.8% | $74,419-0.2% |
| Participation rate | 96.8% | 70.0%+26.8pp | 69.6%+27.2pp | 70.7%+26.1pp |
| Annual return | 16.81% | 19.98%-3.2pp | 37.87%-21.1pp | 34.38%-17.6pp |
| Employer contribution / active EE | $3,353 | $2,150+56.0% | $2,535+32.3% | $2,637+27.1% |
| Participant deferral / active EE | $4,001 | $3,558+12.5% | $3,833+4.4% | $4,528-11.6% |
| Admin fee / account holder | $32 | $398-91.9% | $5,472-99.4% | $348-90.8% |