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.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $69,264 |
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 | $80,838 | $76,050+6.3% | $96,544-16.3% | $71,457+13.1% |
| Participation rate | 85.3% | 74.4%+10.9pp | 76.0%+9.4pp | 67.9%+17.4pp |
| Annual return | 22.92% | 22.81%+0.1pp | 25.84%-2.9pp | 28.85%-5.9pp |
| Employer contribution / active EE | $1,406 | $2,244-37.3% | $2,965-52.6% | $2,588-45.7% |
| Participant deferral / active EE | $6,403 | $4,215+51.9% | $4,851+32.0% | $4,289+49.3% |
| Admin fee / account holder | $396 | $2,707-85.4% | $8,252-95.2% | $1,587-75.1% |