Filed June 14, 2023 (most recent of 2 filings on file)
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 | $80,688 |
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 | $91,560 | $98,982-7.5% | $162,163-43.5% | $65,185+40.5% |
| Participation rate | 98.7% | 85.8%+13.0pp | 87.6%+11.2pp | 70.2%+28.5pp |
| Annual return | 23.12% | 24.84%-1.7pp | 115.59%-92.5pp | 29.38%-6.3pp |
| Employer contribution / active EE | $4,184 | $3,467+20.7% | $5,614-25.5% | $2,177+92.2% |
| Participant deferral / active EE | $3,767 | $5,384-30.0% | $7,298-48.4% | $3,514+7.2% |
| Admin fee / account holder | $286 | $596-52.0% | $10,843-97.4% | $847-66.2% |