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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $27,034 |
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 | $20,942 | $59,186-64.6% | $76,768-72.7% | $56,287-62.8% |
| Participation rate | 67.9% | 75.2%-7.3pp | 77.0%-9.1pp | 69.9%-2.0pp |
| Annual return | -3.93% | 6.62%-10.5pp | 2.43%-6.4pp | -9.96%+6.0pp |
| Employer contribution / active EE | $339 | $1,759-80.7% | $2,485-86.4% | $2,111-84.0% |
| Participant deferral / active EE | $1,801 | $3,255-44.7% | $3,852-53.2% | $3,350-46.2% |
| Admin fee / account holder | $181 | $489-62.9% | $6,675-97.3% | $521-65.2% |