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 | $16,363 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $40,160 | $59,186-32.1% | $76,768-47.7% | $56,287-28.7% |
| Participation rate | 62.5% | 75.2%-12.7pp | 77.0%-14.5pp | 69.9%-7.4pp |
| Annual return | -6.49% | 6.62%-13.1pp | 2.43%-8.9pp | -9.96%+3.5pp |
| Employer contribution / active EE | $520 | $1,759-70.4% | $2,485-79.1% | $2,111-75.4% |
| Participant deferral / active EE | $1,445 | $3,255-55.6% | $3,852-62.5% | $3,350-56.9% |
| Admin fee / account holder | $184 | $489-62.4% | $6,675-97.2% | $521-64.7% |