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 | $149,612 |
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 | $203,145 | $54,237+274.5% | $90,281+125.0% | $67,579+200.6% |
| Participation rate | 99.7% | 68.6%+31.1pp | 73.3%+26.5pp | 71.3%+28.5pp |
| Annual return | 23.22% | 37.27%-14.1pp | 78.10%-54.9pp | 378.56%-355.3pp |
| Employer contribution / active EE | $5,531 | $1,846+199.6% | $2,854+93.8% | $2,148+157.5% |
| Participant deferral / active EE | $7,024 | $2,625+167.6% | $3,885+80.8% | $3,539+98.5% |
| Admin fee / account holder | $347 | $123+181.3% | $5,351-93.5% | $142+144.0% |