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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $2,380 |
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 | $62,050 | $58,083+6.8% | $80,019-22.5% | $56,287+10.2% |
| Participation rate | 39.2% | 73.6%-34.4pp | 75.8%-36.7pp | 69.9%-30.7pp |
| Annual return | -3.64% | 34.61%-38.3pp | 11.22%-14.9pp | -9.96%+6.3pp |
| Employer contribution / active EE | $491 | $1,932-74.6% | $2,468-80.1% | $2,111-76.7% |
| Participant deferral / active EE | $1,350 | $3,135-56.9% | $3,686-63.4% | $3,350-59.7% |
| Admin fee / account holder | $28 | $623-95.6% | $6,521-99.6% | $521-94.7% |