Filed October 27, 2014
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.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $950 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $7,393 | $50,637-85.4% | $86,590-91.5% | $62,292-88.1% |
| Participation rate | 76.9% | 67.9%+9.0pp | 73.5%+3.4pp | 69.5%+7.4pp |
| Annual return | 19.11% | 20.80%-1.7pp | 964.84%-945.7pp | 28.90%-9.8pp |
| Employer contribution / active EE | $508 | $2,075-75.5% | $2,839-82.1% | $2,042-75.1% |
| Participant deferral / active EE | $2,018 | $2,611-22.7% | $3,609-44.1% | $3,169-36.3% |
| Admin fee / account holder | $5 | $413-98.7% | $4,906-99.9% | $479-98.9% |