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.1+ years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 401 DEMERS AVENUE · GRAND FORKS, ND 58201 | Recordkeeping | $11,250 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $18,843 | $70,002-73.1% | $115,037-83.6% | $52,331-64.0% |
| Participation rate | 81.1% | 72.1%+9.0pp | 81.4%-0.3pp | 68.1%+13.0pp |
| Annual return | 2.26% | 4.04%-1.8pp | 26.14%-23.9pp | 4.54%-2.3pp |
| Employer contribution / active EE | $1,813 | $2,715-33.2% | $4,608-60.7% | $1,882-3.7% |
| Participant deferral / active EE | $1,969 | $4,920-60.0% | $6,026-67.3% | $3,022-34.8% |
| Admin fee / account holder | $36 | $566-93.6% | $8,175-99.6% | $592-93.9% |