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 | $43,963 |
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 | $32,807 | $63,905-48.7% | $74,183-55.8% | $57,658-43.1% |
| Participation rate | 67.0% | 79.8%-12.8pp | 76.6%-9.6pp | 70.2%-3.2pp |
| Annual return | 7.47% | 60.60%-53.1pp | 17.74%-10.3pp | 5.13%+2.3pp |
| Employer contribution / active EE | $843 | $1,840-54.2% | $2,370-64.4% | $1,974-57.3% |
| Participant deferral / active EE | $2,055 | $3,448-40.4% | $3,550-42.1% | $3,061-32.9% |
| Admin fee / account holder | $115 | $91+26.4% | $5,586-97.9% | $95+21.7% |