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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $34,843 |
Service code 10 · EIN 47-2401657 | Accounting | $24,355 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,148 | $70,879-23.6% | $189,557-71.4% | $79,386-31.8% |
| Participation rate | 50.2% | 68.0%-17.7pp | 78.4%-28.2pp | 70.7%-20.5pp |
| Annual return | 15.26% | 20.70%-5.4pp | 64.17%-48.9pp | 116.85%-101.6pp |
| Employer contribution / active EE | $623 | $1,806-65.5% | $4,412-85.9% | $2,427-74.3% |
| Participant deferral / active EE | $2,511 | $4,081-38.5% | $6,174-59.3% | $4,046-37.9% |
| Admin fee / account holder | $272 | $647-58.1% | $9,807-97.2% | $626-56.6% |