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 Filed as: ALERUS FINANCIAL, N.A Service code 15 · EIN 45-6062081 | Recordkeeping | $6,248 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $76,177 | $70,002+8.8% | $115,037-33.8% | $52,331+45.6% |
| Participation rate | 69.0% | 72.1%-3.1pp | 81.4%-12.4pp | 68.1%+0.9pp |
| Annual return | -0.05% | 4.04%-4.1pp | 26.14%-26.2pp | 4.54%-4.6pp |
| Employer contribution / active EE | $2,123 | $2,715-21.8% | $4,608-53.9% | $1,882+12.8% |
| Participant deferral / active EE | $4,503 | $4,920-8.5% | $6,026-25.3% | $3,022+49.0% |
| Admin fee / account holder | $66 | $566-88.4% | $8,175-99.2% | $592-88.9% |