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.2+ years Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-6062081 | Recordkeeping | $40,540 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $10,906 | $85,635-87.3% | $123,892-91.2% | $63,975-83.0% |
| Participation rate | 96.8% | 74.9%+21.8pp | 81.4%+15.4pp | 71.1%+25.6pp |
| Annual return | 7.36% | 15.74%-8.4pp | 47.52%-40.2pp | 48.65%-41.3pp |
| Employer contribution / active EE | $1,374 | $3,076-55.4% | $4,617-70.2% | $2,182-37.0% |
| Participant deferral / active EE | $1,230 | $5,667-78.3% | $5,984-79.4% | $3,356-63.4% |
| Admin fee / account holder | $32 | $75-57.8% | $8,357-99.6% | $70-55.1% |