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 8-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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,034 |
Employer 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 | $17,531 | $60,165-70.9% | $74,183-76.4% | $55,167-68.2% |
| Participation rate | 70.4% | 74.2%-3.7pp | 76.6%-6.2pp | 69.0%+1.4pp |
| Annual return | 8.90% | 10.00%-1.1pp | 17.74%-8.8pp | 169.23%-160.3pp |
| Employer contribution / active EE | $386 | $1,600-75.9% | $2,370-83.7% | $1,963-80.3% |
| Participant deferral / active EE | $2,188 | $2,973-26.4% | $3,550-38.3% | $3,054-28.3% |
| Admin fee / account holder | $82 | $419-80.4% | $5,586-98.5% | $504-83.7% |