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 | $12,842 |
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 | $26,809 | $52,953-49.4% | $172,739-84.5% | $65,185-58.9% |
| Participation rate | 40.6% | 66.2%-25.6pp | 82.6%-42.1pp | 70.2%-29.6pp |
| Annual return | 17.44% | 30.12%-12.7pp | 802.84%-785.4pp | 29.38%-11.9pp |
| Employer contribution / active EE | $402 | $2,190-81.6% | $5,143-92.2% | $2,177-81.5% |
| Participant deferral / active EE | $1,139 | $2,471-53.9% | $5,198-78.1% | $3,514-67.6% |
| Admin fee / account holder | $218 | $472-53.9% | $13,954-98.4% | $847-74.3% |