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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $2,236 |
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 | $74,697 | $66,310+12.6% | $93,606-20.2% | $65,185+14.6% |
| Participation rate | 36.3% | 74.0%-37.7pp | 75.8%-39.5pp | 70.2%-33.9pp |
| Annual return | 18.02% | 42.58%-24.6pp | 32.76%-14.7pp | 29.38%-11.4pp |
| Employer contribution / active EE | $505 | $2,012-74.9% | $2,718-81.4% | $2,177-76.8% |
| Participant deferral / active EE | $1,392 | $3,342-58.3% | $4,069-65.8% | $3,514-60.4% |
| Admin fee / account holder | $26 | $6,897-99.6% | $7,888-99.7% | $847-96.9% |