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 | $17,197 |
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 | $53,214 | $54,590-2.5% | $81,930-35.0% | $73,488-27.6% |
| Participation rate | 52.9% | 68.3%-15.4pp | 72.0%-19.1pp | 70.7%-17.8pp |
| Annual return | 16.73% | 17.74%-1.0pp | 29.49%-12.8pp | 28.51%-11.8pp |
| Employer contribution / active EE | $1,250 | $1,636-23.6% | $4,310-71.0% | $2,270-44.9% |
| Participant deferral / active EE | $2,162 | $2,759-21.6% | $7,107-69.6% | $3,740-42.2% |
| Admin fee / account holder | $162 | $592-72.6% | $5,158-96.9% | $513-68.4% |