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 | $9,088 |
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 | $34,000 | $107,440-68.4% | $105,738-67.8% | $55,725-39.0% |
| Participation rate | 37.1% | 55.5%-18.4pp | 76.3%-39.2pp | 70.9%-33.7pp |
| Annual return | -4.39% | -0.59%-3.8pp | 6.27%-10.7pp | 244.93%-249.3pp |
| Employer contribution / active EE | $0 | $1,448-100.0% | $3,268-100.0% | $2,078-100.0% |
| Participant deferral / active EE | $1,024 | $2,171-52.8% | $4,080-74.9% | $3,356-69.5% |
| Admin fee / account holder | $52 | $283-81.8% | $6,913-99.3% | $115-55.2% |