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 | $6,001 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $78,228 | $40,174+94.7% | $84,015-6.9% | $67,579+15.8% |
| Participation rate | 34.2% | 62.7%-28.5pp | 69.0%-34.8pp | 71.3%-37.1pp |
| Annual return | 21.84% | 25.82%-4.0pp | 71.31%-49.5pp | 378.56%-356.7pp |
| Employer contribution / active EE | $568 | $808-29.7% | $1,983-71.4% | $2,148-73.5% |
| Participant deferral / active EE | $904 | $2,301-60.7% | $3,239-72.1% | $3,539-74.5% |
| Admin fee / account holder | $25 | $128-80.2% | $6,101-99.6% | $142-82.1% |