Filed April 21, 2022
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 | $4,364 |
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 | $124,632 | $55,449+124.8% | $83,848+48.6% | $56,287+121.4% |
| Participation rate | 99.4% | 68.0%+31.3pp | 76.1%+23.2pp | 69.9%+29.5pp |
| Annual return | -3.80% | -1.38%-2.4pp | 850.88%-854.7pp | -9.96%+6.2pp |
| Employer contribution / active EE | $3,612 | $2,430+48.6% | $3,631-0.5% | $2,111+71.1% |
| Participant deferral / active EE | $7,141 | $2,935+143.3% | $4,082+74.9% | $3,350+113.2% |
| Admin fee / account holder | $55 | $656-91.7% | $5,478-99.0% | $521-89.5% |