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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $64,362 |
ALERUS FINANCIAL, N.A.10+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $21,825 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,361 | $44,897+54.5% | $85,009-18.4% | $199,768-65.3% |
| Participation rate | 23.6% | 45.7%-22.1pp | 67.5%-43.9pp | 72.0%-48.4pp |
| Annual return | 18.21% | 20.96%-2.8pp | 66.47%-48.3pp | 34.26%-16.1pp |
| Employer contribution / active EE | $0 | $1,365-100.0% | $2,728-100.0% | $3,037-100.0% |
| Participant deferral / active EE | $1,606 | $2,668-39.8% | $4,522-64.5% | $5,090-68.4% |
| Admin fee / account holder | $271 | $584-53.6% | $6,153-95.6% | $269+0.8% |