Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $57,230 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $232,675 | $47,479+390.1% | $62,929+269.7% | $82,448+182.2% |
| Participation rate | 93.0% | 66.9%+26.2pp | 73.1%+19.9pp | 68.1%+25.0pp |
| Annual return | 12.21% | 20.34%-8.1pp | 1063.93%-1051.7pp | 41.64%-29.4pp |
| Employer contribution / active EE | $6,303 | $1,885+234.3% | $2,505+151.7% | $2,551+147.1% |
| Participant deferral / active EE | $4,489 | $2,870+56.4% | $3,888+15.4% | $4,139+8.4% |
| Admin fee / account holder | $540 | $3,804-85.8% | $5,065-89.3% | $7,234-92.5% |