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.2+ years Filed as: ALERUS FINANCIAL NA Service code 15 · EIN 45-6062081 | Recordkeeping | $43,307 |
STRATEGIC WEALTH MANAGEMENT2+ years Service code 17 7300 GRACE DRIVE · COLUMBIA, MD 21044 | Pension Consulting | $16,309 |
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS FINANCIAL N.A. Service code 59 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $60,873 | $60,545+0.5% | $92,233-34.0% | $69,631-12.6% |
| Participation rate | 33.8% | 72.2%-38.4pp | 76.5%-42.7pp | 70.7%-36.9pp |
| Annual return | 12.86% | 19.71%-6.9pp | 176.28%-163.4pp | 27571.02%-27558.2pp |
| Employer contribution / active EE | $433 | $2,633-83.6% | $3,679-88.2% | $2,032-78.7% |
| Participant deferral / active EE | $1,450 | $2,828-48.7% | $3,897-62.8% | $3,224-55.0% |
| Admin fee / account holder | $201 | $145+38.7% | $5,194-96.1% | $110+81.9% |