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.11+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $84,819 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $75,931 | $42,886+77.1% | $88,946-14.6% | $85,563-11.3% |
| Participation rate | 23.3% | 37.9%-14.6pp | 68.8%-45.5pp | 66.0%-42.7pp |
| Annual return | 15.74% | 44.56%-28.8pp | 57.82%-42.1pp | 31.51%-15.8pp |
| Employer contribution / active EE | $4 | $1,147-99.6% | $2,555-99.8% | $2,654-99.8% |
| Participant deferral / active EE | $1,729 | $2,108-18.0% | $4,581-62.3% | $4,375-60.5% |
| Admin fee / account holder | $270 | $2,263-88.1% | $8,261-96.7% | $834-67.6% |