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.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $35,208 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,417 | $65,435+12.2% | $86,677-15.3% | $66,914+9.7% |
| Participation rate | 73.7% | 75.5%-1.8pp | 76.6%-2.9pp | 69.8%+3.9pp |
| Annual return | -16.38% | -10.89%-5.5pp | 35.91%-52.3pp | 1.58%-18.0pp |
| Employer contribution / active EE | $1,279 | $2,153-40.6% | $2,836-54.9% | $2,544-49.7% |
| Participant deferral / active EE | $3,889 | $4,100-5.2% | $4,656-16.5% | $4,237-8.2% |
| Admin fee / account holder | $300 | $642-53.2% | $7,493-96.0% | $593-49.4% |