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 year Filed as: ALERUS FINANCIAL, NA Service code 15 · EIN 45-6062081 | Recordkeeping | $47,601 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $375,963 | $88,083+326.8% | $164,813+128.1% | $74,495+404.7% |
| Participation rate | 2.4% | 73.0%-70.7pp | 78.6%-76.2pp | 67.2%-64.8pp |
| Annual return | 23.54% | 17.26%+6.3pp | 69.93%-46.4pp | 1364.94%-1341.4pp |
| Employer contribution / active EE | $3,029 | $2,593+16.8% | $4,341-30.2% | $2,623+15.5% |
| Participant deferral / active EE | $3,104 | $4,498-31.0% | $6,031-48.5% | $4,346-28.6% |
| Admin fee / account holder | $3,400 | $2,234+52.2% | $12,690-73.2% | $1,942+75.1% |