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 Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 PO BOX 6001 · GRAND FORKS, ND 58206 | Recordkeeping | $5,477 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $29,098 | $48,076-39.5% | $78,689-63.0% | $62,891-53.7% |
| Participation rate | 42.9% | 65.2%-22.4pp | 73.6%-30.7pp | 69.3%-26.4pp |
| Annual return | 8.00% | 31.35%-23.4pp | 62.18%-54.2pp | 20.14%-12.1pp |
| Employer contribution / active EE | $324 | $2,015-83.9% | $2,851-88.6% | $2,281-85.8% |
| Participant deferral / active EE | $1,359 | $2,588-47.5% | $3,517-61.4% | $3,203-57.6% |
| Admin fee / account holder | $103 | $3,207-96.8% | $4,510-97.7% | $4,296-97.6% |