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 | $47,076 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return 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 | $28,120 | $31,810-11.6% | $64,105-56.1% | $59,188-52.5% |
| Participation rate | 26.6% | 57.7%-31.1pp | 68.2%-41.6pp | 69.4%-42.9pp |
| Annual return | -1.89% | 9.41%-11.3pp | 791.24%-793.1pp | 5.51%-7.4pp |
| Employer contribution / active EE | $0 | $659-100.0% | $1,820-100.0% | $2,098-100.0% |
| Participant deferral / active EE | $742 | $1,582-53.1% | $2,822-73.7% | $3,265-77.3% |
| Admin fee / account holder | $146 | $57+157.0% | $4,499-96.8% | $92+58.5% |