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 Service code 15 · EIN 45-6062081 | Recordkeeping | $24,926 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $23,366 | $64,909-64.0% | $82,313-71.6% | $62,292-62.5% |
| Participation rate | 68.0% | 74.9%-6.8pp | 76.9%-8.9pp | 69.5%-1.5pp |
| Annual return | 20.18% | 21.18%-1.0pp | 25.88%-5.7pp | 28.90%-8.7pp |
| Employer contribution / active EE | $310 | $1,676-81.5% | $2,428-87.2% | $2,042-84.8% |
| Participant deferral / active EE | $1,509 | $3,103-51.4% | $3,706-59.3% | $3,169-52.4% |
| Admin fee / account holder | $196 | $440-55.4% | $5,608-96.5% | $479-59.1% |