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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $66,133 |
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 | $73,802 | $47,969+53.9% | $85,969-14.2% | $52,331+41.0% |
| Participation rate | 75.4% | 61.7%+13.7pp | 76.5%-1.1pp | 68.1%+7.3pp |
| Annual return | -0.38% | -0.13%-0.2pp | 9.32%-9.7pp | 4.54%-4.9pp |
| Employer contribution / active EE | $1,571 | $1,460+7.6% | $3,474-54.8% | $1,882-16.5% |
| Participant deferral / active EE | $3,013 | $2,110+42.8% | $3,829-21.3% | $3,022-0.3% |
| Admin fee / account holder | $340 | $530-35.8% | $6,053-94.4% | $592-42.5% |