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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $8,124 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,146 | $72,607+20.0% | $90,749-4.0% | $66,914+30.2% |
| Participation rate | 31.2% | 73.7%-42.5pp | 75.7%-44.5pp | 69.8%-38.6pp |
| Annual return | -17.35% | -12.28%-5.1pp | -12.16%-5.2pp | 1.58%-18.9pp |
| Employer contribution / active EE | $555 | $2,369-76.6% | $2,921-81.0% | $2,544-78.2% |
| Participant deferral / active EE | $1,875 | $3,977-52.9% | $4,564-58.9% | $4,237-55.8% |
| Admin fee / account holder | $113 | $707-84.0% | $8,445-98.7% | $593-81.0% |