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 | $277,184 |
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 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 | $27,528 | $66,051-58.3% | $92,893-70.4% | $77,787-64.6% |
| Participation rate | 54.7% | 81.0%-26.3pp | 76.0%-21.3pp | 73.2%-18.5pp |
| Annual return | 21.75% | 20.69%+1.1pp | 109.41%-87.7pp | 32.57%-10.8pp |
| Employer contribution / active EE | $493 | $3,426-85.6% | $3,653-86.5% | $2,504-80.3% |
| Participant deferral / active EE | $1,326 | $3,013-56.0% | $4,236-68.7% | $3,967-66.6% |
| Admin fee / account holder | $80 | $148-46.1% | $5,794-98.6% | $100-20.3% |