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 | $341,149 |
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 | $31,467 | $81,719-61.5% | $101,248-68.9% | $90,288-65.1% |
| Participation rate | 65.3% | 80.7%-15.4pp | 75.8%-10.5pp | 73.4%-8.0pp |
| Annual return | 12.75% | 337.64%-324.9pp | 46.47%-33.7pp | 53.97%-41.2pp |
| Employer contribution / active EE | $555 | $3,622-84.7% | $3,660-84.8% | $2,524-78.0% |
| Participant deferral / active EE | $2,060 | $3,310-37.7% | $4,370-52.9% | $4,232-51.3% |
| Admin fee / account holder | $102 | $162-36.9% | $5,945-98.3% | $114-10.5% |