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 Service code 15 · EIN 45-6062081 | Recordkeeping | $44,879 |
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 | $85,495 | $73,638+16.1% | $95,952-10.9% | $73,488+16.3% |
| Participation rate | 79.3% | 76.2%+3.1pp | 77.1%+2.2pp | 70.7%+8.6pp |
| Annual return | 22.12% | 16.78%+5.3pp | 91.61%-69.5pp | 28.51%-6.4pp |
| Employer contribution / active EE | $1,273 | $1,863-31.7% | $2,541-49.9% | $2,270-43.9% |
| Participant deferral / active EE | $5,012 | $3,617+38.6% | $4,167+20.3% | $3,740+34.0% |
| Admin fee / account holder | $377 | $482-21.8% | $6,795-94.5% | $513-26.5% |