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 FINANCIAL, N.A Service code 15 · EIN 45-6062081 | Recordkeeping | $4,772 |
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $73,039 | $76,552-4.6% | $123,892-41.0% | $62,891+16.1% |
| Participation rate | 83.7% | 73.0%+10.7pp | 81.4%+2.3pp | 69.3%+14.4pp |
| Annual return | 8.96% | 18.68%-9.7pp | 47.52%-38.6pp | 20.14%-11.2pp |
| Employer contribution / active EE | $2,633 | $2,883-8.7% | $4,617-43.0% | $2,281+15.4% |
| Participant deferral / active EE | $5,387 | $4,840+11.3% | $5,984-10.0% | $3,203+68.2% |
| Admin fee / account holder | $41 | $4,826-99.1% | $8,357-99.5% | $4,296-99.0% |