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 9-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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,562 |
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 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 | $20,983 | $46,173-54.6% | $170,442-87.7% | $69,631-69.9% |
| Participation rate | 35.1% | 63.9%-28.8pp | 83.6%-48.5pp | 70.7%-35.6pp |
| Annual return | 11.31% | 21.62%-10.3pp | 205.93%-194.6pp | 27571.02%-27559.7pp |
| Employer contribution / active EE | $399 | $1,610-75.2% | $5,433-92.7% | $2,032-80.4% |
| Participant deferral / active EE | $625 | $2,080-70.0% | $4,939-87.4% | $3,224-80.6% |
| Admin fee / account holder | $70 | $116-39.5% | $13,880-99.5% | $110-36.5% |