Filed February 14, 2020
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 | $3,388 |
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 | $65,680 | $74,552-11.9% | $62,995+4.3% | $69,631-5.7% |
| Participation rate | 59.7% | 78.3%-18.5pp | 74.8%-15.1pp | 70.7%-11.0pp |
| Annual return | 20.67% | 15.77%+4.9pp | 87.57%-66.9pp | 27571.02%-27550.4pp |
| Employer contribution / active EE | $1,127 | $2,929-61.5% | $2,759-59.1% | $2,032-44.5% |
| Participant deferral / active EE | $3,046 | $2,974+2.4% | $3,329-8.5% | $3,224-5.5% |
| Admin fee / account holder | $15 | $59-75.1% | $3,600-99.6% | $110-86.6% |