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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $2,960 |
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 | $84,869 | $70,908+19.7% | $98,907-14.2% | $73,488+15.5% |
| Participation rate | 35.3% | 73.8%-38.5pp | 76.0%-40.8pp | 70.7%-35.4pp |
| Annual return | 14.88% | 34.17%-19.3pp | 196.43%-181.6pp | 28.51%-13.6pp |
| Employer contribution / active EE | $498 | $2,036-75.5% | $2,689-81.5% | $2,270-78.1% |
| Participant deferral / active EE | $1,392 | $3,500-60.2% | $4,244-67.2% | $3,740-62.8% |
| Admin fee / account holder | $37 | $535-93.2% | $6,642-99.4% | $513-92.9% |