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.8 years Service code 15 · EIN 45-6062081 | Recordkeeping | $15,159 |
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.
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 | $19,677 | $98,727-80.1% | $113,168-82.6% | $85,563-77.0% |
| Participation rate | 66.6% | 80.8%-14.2pp | 76.6%-10.0pp | 66.0%+0.6pp |
| Annual return | 37.71% | 17.43%+20.3pp | 24.27%+13.4pp | 31.51%+6.2pp |
| Employer contribution / active EE | $0 | $2,907-100.0% | $2,975-100.0% | $2,654-100.0% |
| Participant deferral / active EE | $1,877 | $5,424-65.4% | $5,107-63.3% | $4,375-57.1% |
| Admin fee / account holder | $50 | $357-86.1% | $12,068-99.6% | $834-94.1% |