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 Filed as: ALERUS Service code 15 10900 WAYZATA BLVD, STE 120 · MINNETONKA, MN 55305 | Recordkeeping | $7,596 |
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 | $51,069 | $63,299-19.3% | $91,001-43.9% | $62,292-18.0% |
| Participation rate | 68.7% | 73.3%-4.6pp | 75.6%-6.9pp | 69.5%-0.8pp |
| Annual return | 14.13% | 20.99%-6.9pp | 4.60%+9.5pp | 28.90%-14.8pp |
| Employer contribution / active EE | $0 | $1,807-100.0% | $2,456-100.0% | $2,042-100.0% |
| Participant deferral / active EE | $1,651 | $2,943-43.9% | $3,547-53.4% | $3,169-47.9% |
| Admin fee / account holder | $70 | $468-85.1% | $5,417-98.7% | $479-85.5% |