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 | $75,617 |
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 26 · EIN 42-1378382 | Advisory (Participants) | $30,072 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $36,289 | $241,101-84.9% | $103,374-64.9% | $199,768-81.8% |
| Participation rate | 53.7% | 78.3%-24.6pp | 74.5%-20.9pp | 72.0%-18.4pp |
| Annual return | 18.67% | 17.80%+0.9pp | 24.89%-6.2pp | 34.26%-15.6pp |
| Employer contribution / active EE | $2,878 | $4,244-32.2% | $3,869-25.6% | $3,037-5.2% |
| Participant deferral / active EE | $1,308 | $3,958-67.0% | $5,058-74.1% | $5,090-74.3% |
| Admin fee / account holder | $149 | $288-48.3% | $8,394-98.2% | $269-44.7% |