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 | $12,171 |
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 | $43,216 | $124,414-65.3% | $115,157-62.5% | $67,579-36.1% |
| Participation rate | 57.8% | 58.1%-0.2pp | 75.9%-18.1pp | 71.3%-13.4pp |
| Annual return | 148.50% | 29.40%+119.1pp | 35.60%+112.9pp | 378.56%-230.1pp |
| Employer contribution / active EE | $521 | $1,454-64.2% | $3,179-83.6% | $2,148-75.7% |
| Participant deferral / active EE | $1,464 | $2,331-37.2% | $4,168-64.9% | $3,539-58.6% |
| Admin fee / account holder | $42 | $361-88.4% | $7,088-99.4% | $142-70.5% |