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 | $45,856 |
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 | $116,898 | $66,124+76.8% | $90,404+29.3% | $73,488+59.1% |
| Participation rate | 96.7% | 69.7%+27.1pp | 72.7%+24.1pp | 70.7%+26.1pp |
| Annual return | 14.62% | 17.65%-3.0pp | 1293.02%-1278.4pp | 28.51%-13.9pp |
| Employer contribution / active EE | $3,638 | $2,346+55.0% | $3,262+11.5% | $2,270+60.3% |
| Participant deferral / active EE | $4,440 | $3,039+46.1% | $3,963+12.0% | $3,740+18.7% |
| Admin fee / account holder | $323 | $396-18.5% | $5,611-94.2% | $513-37.1% |