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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $6,934 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $50,350 | $43,550+15.6% | $63,517-20.7% | $52,331-3.8% |
| Participation rate | 50.9% | 65.7%-14.8pp | 71.0%-20.2pp | 68.1%-17.2pp |
| Annual return | -1.68% | 2.03%-3.7pp | -70.30%+68.6pp | 4.54%-6.2pp |
| Employer contribution / active EE | $1,392 | $1,351+3.0% | $2,322-40.0% | $1,882-26.0% |
| Participant deferral / active EE | $3,271 | $2,254+45.1% | $2,953+10.8% | $3,022+8.2% |
| Admin fee / account holder | $64 | $387-83.4% | $5,892-98.9% | $592-89.1% |