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.3+ years Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 401 DEMERS AVENUE · GRAND FORKS, ND 58201 | Recordkeeping | $13,079 |
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.
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 | $24,270 | $80,753-69.9% | $136,294-82.2% | $62,292-61.0% |
| Participation rate | 76.3% | 73.5%+2.7pp | 81.9%-5.7pp | 69.5%+6.7pp |
| Annual return | 19.70% | 35.83%-16.1pp | 5155.94%-5136.2pp | 28.90%-9.2pp |
| Employer contribution / active EE | $1,773 | $2,884-38.5% | $4,695-62.2% | $2,042-13.2% |
| Participant deferral / active EE | $1,957 | $5,164-62.1% | $6,247-68.7% | $3,169-38.2% |
| Admin fee / account holder | $38 | $525-92.7% | $9,243-99.6% | $479-92.0% |