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.8 years Service code 15 · EIN 45-6062081 | Recordkeeping | $52,895 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $103,106 | $86,929+18.6% | $102,423+0.7% | $80,856+27.5% |
| Participation rate | 96.3% | 72.4%+24.0pp | 76.5%+19.9pp | 67.6%+28.7pp |
| Annual return | 16.87% | 18.88%-2.0pp | 29.32%-12.5pp | 35.59%-18.7pp |
| Employer contribution / active EE | $6,328 | $2,369+167.1% | $3,023+109.3% | $2,755+129.7% |
| Participant deferral / active EE | $4,546 | $4,118+10.4% | $5,053-10.0% | $4,296+5.8% |
| Admin fee / account holder | $452 | $8,049-94.4% | $9,451-95.2% | $6,918-93.5% |