Filed April 25, 2019
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 9-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.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $45,502 |
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $106,647 | $102,553+4.0% | $151,611-29.7% | $66,914+59.4% |
| Participation rate | 100.0% | 85.5%+14.5pp | 87.5%+12.5pp | 69.8%+30.2pp |
| Annual return | -18.64% | -10.82%-7.8pp | 3.33%-22.0pp | 1.58%-20.2pp |
| Employer contribution / active EE | $6,649 | $4,180+59.1% | $6,166+7.8% | $2,544+161.3% |
| Participant deferral / active EE | $8,266 | $6,641+24.5% | $8,363-1.2% | $4,237+95.1% |
| Admin fee / account holder | $212 | $630-66.4% | $11,616-98.2% | $593-64.3% |