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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,388 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,291 | $66,457+11.8% | $81,382-8.7% | $77,643-4.3% |
| Participation rate | 98.5% | 68.7%+29.8pp | 69.5%+29.0pp | 70.6%+27.9pp |
| Annual return | 13.97% | 15.93%-2.0pp | 24.73%-10.8pp | 31.24%-17.3pp |
| Employer contribution / active EE | $4,044 | $2,159+87.3% | $2,463+64.2% | $2,726+48.4% |
| Participant deferral / active EE | $4,755 | $3,679+29.2% | $3,883+22.5% | $4,647+2.3% |
| Admin fee / account holder | $27 | $583-95.3% | $5,768-99.5% | $430-93.6% |