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 RETIREMENT AND BENEFITS Service code 15 · EIN 45-6062081 | Recordkeeping | $30,311 |
Service code 10 · EIN 47-2401657 | Accounting | $10,542 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $48,083 | $62,132-22.6% | $185,823-74.1% | $73,488-34.6% |
| Participation rate | 52.0% | 67.8%-15.9pp | 78.0%-26.1pp | 70.7%-18.7pp |
| Annual return | 12.80% | 20.44%-7.6pp | 35.95%-23.2pp | 28.51%-15.7pp |
| Employer contribution / active EE | $550 | $1,681-67.3% | $4,087-86.5% | $2,270-75.8% |
| Participant deferral / active EE | $2,235 | $3,711-39.8% | $5,632-60.3% | $3,740-40.2% |
| Admin fee / account holder | $259 | $419-38.1% | $9,500-97.3% | $513-49.5% |