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 | $37,945 |
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 | $29,533 | $73,638-59.9% | $95,952-69.2% | $73,488-59.8% |
| Participation rate | 68.8% | 76.2%-7.4pp | 77.1%-8.3pp | 70.7%-1.9pp |
| Annual return | 20.11% | 16.78%+3.3pp | 91.61%-71.5pp | 28.51%-8.4pp |
| Employer contribution / active EE | $328 | $1,863-82.4% | $2,541-87.1% | $2,270-85.5% |
| Participant deferral / active EE | $1,754 | $3,617-51.5% | $4,167-57.9% | $3,740-53.1% |
| Admin fee / account holder | $258 | $482-46.5% | $6,795-96.2% | $513-49.7% |