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 | $10,525 |
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 | $48,067 | $124,414-61.4% | $115,157-58.3% | $67,579-28.9% |
| Participation rate | 42.7% | 58.1%-15.4pp | 75.9%-33.2pp | 71.3%-28.6pp |
| Annual return | 23.51% | 29.40%-5.9pp | 35.60%-12.1pp | 378.56%-355.0pp |
| Employer contribution / active EE | $0 | $1,454-100.0% | $3,179-100.0% | $2,148-100.0% |
| Participant deferral / active EE | $1,440 | $2,331-38.2% | $4,168-65.5% | $3,539-59.3% |
| Admin fee / account holder | $70 | $361-80.7% | $7,088-99.0% | $142-51.0% |