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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $10,648 |
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 | $33,409 | $47,977-30.4% | $154,107-78.3% | $56,287-40.6% |
| Participation rate | 35.2% | 66.2%-30.9pp | 83.0%-47.8pp | 69.9%-34.6pp |
| Annual return | -3.98% | 3.54%-7.5pp | 735.12%-739.1pp | -9.96%+6.0pp |
| Employer contribution / active EE | $328 | $2,169-84.9% | $5,298-93.8% | $2,111-84.5% |
| Participant deferral / active EE | $916 | $2,392-61.7% | $5,081-82.0% | $3,350-72.7% |
| Admin fee / account holder | $187 | $438-57.4% | $13,411-98.6% | $521-64.1% |