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 | $34,803 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 | $39,650 | $89,652-55.8% | $141,162-71.9% | $65,185-39.2% |
| Participation rate | 56.1% | 74.7%-18.6pp | 82.5%-26.4pp | 70.2%-14.1pp |
| Annual return | 22.09% | 32.79%-10.7pp | 71.39%-49.3pp | 29.38%-7.3pp |
| Employer contribution / active EE | $1,766 | $3,065-42.4% | $4,735-62.7% | $2,177-18.8% |
| Participant deferral / active EE | $2,346 | $5,691-58.8% | $6,709-65.0% | $3,514-33.2% |
| Admin fee / account holder | $235 | $569-58.6% | $10,261-97.7% | $847-72.2% |