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 Service code 15 · EIN 45-6062081 | Recordkeeping | $40,275 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $61,373 | $65,376-6.1% | $87,100-29.5% | $65,185-5.8% |
| Participation rate | 81.3% | 75.3%+6.0pp | 76.9%+4.4pp | 70.2%+11.1pp |
| Annual return | 26.45% | 31.27%-4.8pp | 28.19%-1.7pp | 29.38%-2.9pp |
| Employer contribution / active EE | $1,218 | $1,822-33.2% | $2,521-51.7% | $2,177-44.1% |
| Participant deferral / active EE | $4,965 | $3,388+46.5% | $4,049+22.6% | $3,514+41.3% |
| Admin fee / account holder | $320 | $520-38.5% | $7,497-95.7% | $847-62.3% |