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 FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $1,740 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,453 | $77,660-8.0% | $109,143-34.5% | $79,386-10.0% |
| Participation rate | 50.0% | 67.8%-17.8pp | 75.9%-25.9pp | 70.7%-20.7pp |
| Annual return | 17.27% | 23.44%-6.2pp | 25.75%-8.5pp | 116.85%-99.6pp |
| Employer contribution / active EE | $5 | $2,797-99.8% | $3,722-99.9% | $2,427-99.8% |
| Participant deferral / active EE | $2,614 | $3,518-25.7% | $4,653-43.8% | $4,046-35.4% |
| Admin fee / account holder | $28 | $732-96.2% | $6,752-99.6% | $626-95.5% |