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.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,905 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $35,683 | $82,978-57.0% | $129,995-72.6% | $71,457-50.1% |
| Participation rate | 66.1% | 74.1%-8.0pp | 78.5%-12.4pp | 67.9%-1.8pp |
| Annual return | 17.83% | 20.60%-2.8pp | -137.18%+155.0pp | 28.85%-11.0pp |
| Employer contribution / active EE | $402 | $2,622-84.6% | $4,320-90.7% | $2,588-84.4% |
| Participant deferral / active EE | $2,705 | $4,432-39.0% | $5,820-53.5% | $4,289-36.9% |
| Admin fee / account holder | $271 | $1,729-84.3% | $10,614-97.4% | $1,587-82.9% |