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, NA Service code 15 · EIN 45-6062081 | Recordkeeping | $57,292 |
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).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $44,785 | $96,484-53.6% | $156,263-71.3% | $74,304-39.7% |
| Participation rate | 98.6% | 67.7%+30.9pp | 78.9%+19.7pp | 60.3%+38.3pp |
| Annual return | 16.44% | 17.73%-1.3pp | 59.47%-43.0pp | 29.43%-13.0pp |
| Employer contribution / active EE | $2,445 | $2,528-3.3% | $4,333-43.6% | $2,241+9.1% |
| Participant deferral / active EE | $3,325 | $4,286-22.4% | $6,158-46.0% | $3,767-11.7% |
| Admin fee / account holder | $374 | $3,728-90.0% | $14,255-97.4% | $2,969-87.4% |