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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $182,672 |
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 | $218,074 | $47,722+357.0% | $82,719+163.6% | $64,808+236.5% |
| Participation rate | 100.0% | 67.6%+32.4pp | 72.6%+27.4pp | 71.5%+28.5pp |
| Annual return | -15.97% | -13.05%-2.9pp | 701.18%-717.1pp | 32.82%-48.8pp |
| Employer contribution / active EE | $6,129 | $2,179+181.3% | $3,009+103.7% | $2,506+144.6% |
| Participant deferral / active EE | $8,011 | $3,329+140.6% | $4,395+82.3% | $4,310+85.9% |
| Admin fee / account holder | $397 | $143+177.8% | $5,329-92.5% | $188+111.5% |