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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $48,971 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $56,211 | $37,044+51.7% | $71,796-21.7% | $57,658-2.5% |
| Participation rate | 38.8% | 61.1%-22.3pp | 69.1%-30.3pp | 70.2%-31.4pp |
| Annual return | 7.93% | 12.64%-4.7pp | 78.04%-70.1pp | 5.13%+2.8pp |
| Employer contribution / active EE | $393 | $720-45.5% | $1,924-79.6% | $1,974-80.1% |
| Participant deferral / active EE | $1,130 | $1,974-42.8% | $2,794-59.6% | $3,061-63.1% |
| Admin fee / account holder | $154 | $101+52.6% | $4,815-96.8% | $95+62.9% |