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 9-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 year Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6202081 | Recordkeeping | $781,449 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $103,746 | $136,780-24.2% | $189,513-45.3% | $101,517+2.2% |
| Participation rate | 78.0% | 90.9%-12.9pp | 87.8%-9.8pp | 74.6%+3.4pp |
| Annual return | 33.58% | 37.00%-3.4pp | 555.15%-521.6pp | 21.00%+12.6pp |
| Employer contribution / active EE | $2,205 | $4,857-54.6% | $6,162-64.2% | $2,973-25.8% |
| Participant deferral / active EE | $5,840 | $7,572-22.9% | $8,221-29.0% | $4,873+19.9% |
| Admin fee / account holder | $125 | $64+94.4% | $12,045-99.0% | $139-10.6% |