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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $43,652 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $128,448 | $130,194-1.3% | $169,993-24.4% | $71,457+79.8% |
| Participation rate | 99.4% | 86.1%+13.3pp | 87.0%+12.4pp | 67.9%+31.5pp |
| Annual return | 21.11% | 20.37%+0.7pp | 53.37%-32.3pp | 28.85%-7.7pp |
| Employer contribution / active EE | $7,122 | $4,381+62.6% | $6,785+5.0% | $2,588+175.2% |
| Participant deferral / active EE | $9,175 | $6,923+32.5% | $10,408-11.8% | $4,289+113.9% |
| Admin fee / account holder | $193 | $966-80.0% | $12,815-98.5% | $1,587-87.8% |