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.2+ years Filed as: ALERUS FINAICIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $29,434 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $59,195 | $37,044+59.8% | $71,796-17.6% | $57,658+2.7% |
| Participation rate | 29.8% | 61.1%-31.4pp | 69.1%-39.4pp | 70.2%-40.5pp |
| Annual return | 8.03% | 12.64%-4.6pp | 78.04%-70.0pp | 5.13%+2.9pp |
| Employer contribution / active EE | $54 | $720-92.5% | $1,924-97.2% | $1,974-97.3% |
| Participant deferral / active EE | $923 | $1,974-53.2% | $2,794-67.0% | $3,061-69.8% |
| Admin fee / account holder | $174 | $101+72.6% | $4,815-96.4% | $95+84.2% |