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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $36,378 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,529 | $54,193-32.6% | $93,654-61.0% | $77,671-53.0% |
| Participation rate | 55.0% | 63.9%-8.9pp | 68.7%-13.7pp | 70.6%-15.5pp |
| Annual return | 12.84% | 30.54%-17.7pp | 133.34%-120.5pp | 31.21%-18.4pp |
| Employer contribution / active EE | $675 | $1,168-42.2% | $2,421-72.1% | $2,726-75.2% |
| Participant deferral / active EE | $1,917 | $3,144-39.0% | $4,413-56.5% | $4,648-58.7% |
| Admin fee / account holder | $172 | $576-70.2% | $8,282-97.9% | $430-60.1% |