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 8-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.1 year Filed as: ALERUS RETIREMENT AND BENEFITS Service code 13 · EIN 45-6062081 | Contract Administrator | $17,242 |
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 50392 | Contract Administrator | $3,052 |
Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $17,939 | $50,637-64.6% | $86,590-79.3% | $62,292-71.2% |
| Participation rate | 59.3% | 67.9%-8.6pp | 73.5%-14.2pp | 69.5%-10.2pp |
| Annual return | 17.74% | 20.80%-3.1pp | 964.84%-947.1pp | 28.90%-11.2pp |
| Employer contribution / active EE | $1,066 | $2,075-48.6% | $2,839-62.4% | $2,042-47.8% |
| Participant deferral / active EE | $888 | $2,611-66.0% | $3,609-75.4% | $3,169-72.0% |
| Admin fee / account holder | $114 | $413-72.4% | $4,906-97.7% | $479-76.2% |