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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $217,151 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $19,899 | $48,669-59.1% | $93,654-78.8% | $199,768-90.0% |
| Participation rate | 94.1% | 63.7%+30.5pp | 68.7%+25.4pp | 72.0%+22.1pp |
| Annual return | 12.41% | 15.38%-3.0pp | 133.34%-120.9pp | 34.26%-21.8pp |
| Employer contribution / active EE | $217 | $1,137-80.9% | $2,421-91.0% | $3,037-92.9% |
| Participant deferral / active EE | $2,333 | $2,823-17.3% | $4,413-47.1% | $5,090-54.2% |
| Admin fee / account holder | $128 | $195-34.4% | $8,282-98.5% | $269-52.5% |