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 | $17,115 |
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 | $56,022 | $73,638-23.9% | $95,952-41.6% | $73,488-23.8% |
| Participation rate | 68.6% | 76.2%-7.6pp | 77.1%-8.5pp | 70.7%-2.1pp |
| Annual return | 15.67% | 16.78%-1.1pp | 91.61%-75.9pp | 28.51%-12.8pp |
| Employer contribution / active EE | $606 | $1,863-67.5% | $2,541-76.1% | $2,270-73.3% |
| Participant deferral / active EE | $1,622 | $3,617-55.2% | $4,167-61.1% | $3,740-56.6% |
| Admin fee / account holder | $186 | $482-61.4% | $6,795-97.3% | $513-63.7% |