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 | $354,790 |
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 26 · EIN 42-1378382 | Advisory (Participants) | $13,581 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,457 | $148,970-78.9% | $136,007-76.9% | $199,593-84.2% |
| Participation rate | 77.2% | 79.4%-2.1pp | 76.5%+0.8pp | 72.0%+5.3pp |
| Annual return | 24.75% | 27.07%-2.3pp | 579.32%-554.6pp | 34.25%-9.5pp |
| Employer contribution / active EE | $1,889 | $3,561-47.0% | $4,217-55.2% | $3,034-37.8% |
| Participant deferral / active EE | $4,638 | $6,140-24.5% | $7,025-34.0% | $5,087-8.8% |
| Admin fee / account holder | $91 | $144-36.9% | $6,858-98.7% | $269-66.2% |