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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,012 |
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 | $56,172 | $58,101-3.3% | $118,925-52.8% | $73,409-23.5% |
| Participation rate | 44.8% | 56.1%-11.3pp | 75.4%-30.6pp | 72.2%-27.4pp |
| Annual return | 19.97% | 20.56%-0.6pp | 35.88%-15.9pp | 59.29%-39.3pp |
| Employer contribution / active EE | $0 | $1,445-100.0% | $3,263-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $1,591 | $2,400-33.7% | $4,265-62.7% | $3,805-58.2% |
| Admin fee / account holder | $52 | $138-62.6% | $6,581-99.2% | $158-67.3% |