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 RETIREMENT AND BENEFITS Service code 15 · EIN 45-6062081 | Recordkeeping | $25,439 |
Service code 10 · EIN 47-2401657 | Accounting | $8,325 |
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 | $44,672 | $56,972-21.6% | $182,532-75.5% | $65,185-31.5% |
| Participation rate | 43.4% | 66.5%-23.2pp | 78.0%-34.6pp | 70.2%-26.8pp |
| Annual return | 21.60% | 27.67%-6.1pp | 148.54%-126.9pp | 29.38%-7.8pp |
| Employer contribution / active EE | $442 | $1,615-72.6% | $4,076-89.2% | $2,177-79.7% |
| Participant deferral / active EE | $1,880 | $3,526-46.7% | $5,524-66.0% | $3,514-46.5% |
| Admin fee / account holder | $257 | $528-51.3% | $8,592-97.0% | $847-69.7% |