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.4+ years Filed as: ALERUS FINACIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $49,027 |
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.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $58,715 | $66,302-11.4% | $110,238-46.7% | $56,287+4.3% |
| Participation rate | 52.8% | 74.9%-22.1pp | 79.8%-27.0pp | 69.9%-17.0pp |
| Annual return | -5.67% | -1.18%-4.5pp | 314.74%-320.4pp | -9.96%+4.3pp |
| Employer contribution / active EE | $313 | $2,047-84.7% | $3,826-91.8% | $2,111-85.2% |
| Participant deferral / active EE | $2,307 | $3,381-31.8% | $4,672-50.6% | $3,350-31.1% |
| Admin fee / account holder | $455 | $698-34.9% | $8,547-94.7% | $521-12.7% |