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 Service code 15 · EIN 45-6062081 | Recordkeeping | $50,321 |
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 | $51,682 | $56,638-8.8% | $169,368-69.5% | $74,419-30.6% |
| Participation rate | 47.1% | 67.5%-20.4pp | 77.1%-30.0pp | 70.7%-23.6pp |
| Annual return | 14.95% | 24.75%-9.8pp | 405.60%-390.7pp | 34.38%-19.4pp |
| Employer contribution / active EE | $700 | $2,027-65.5% | $4,013-82.6% | $2,637-73.5% |
| Participant deferral / active EE | $2,753 | $4,223-34.8% | $6,221-55.8% | $4,528-39.2% |
| Admin fee / account holder | $237 | $307-22.6% | $9,003-97.4% | $348-31.8% |