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 | $13,258 |
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 | $32,793 | $55,453-40.9% | $170,442-80.8% | $62,292-47.4% |
| Participation rate | 34.5% | 66.4%-31.9pp | 83.6%-49.1pp | 69.5%-35.0pp |
| Annual return | 12.63% | 21.38%-8.7pp | 205.93%-193.3pp | 28.90%-16.3pp |
| Employer contribution / active EE | $333 | $2,164-84.6% | $5,433-93.9% | $2,042-83.7% |
| Participant deferral / active EE | $985 | $2,303-57.2% | $4,939-80.1% | $3,169-68.9% |
| Admin fee / account holder | $229 | $455-49.8% | $13,880-98.4% | $479-52.3% |