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 year Service code 15 · EIN 45-6062081 | Recordkeeping | $45,008 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $67,502 | $86,332-21.8% | $125,175-46.1% | $65,185+3.6% |
| Participation rate | 52.2% | 75.3%-23.2pp | 79.8%-27.6pp | 70.2%-18.0pp |
| Annual return | 24.35% | 27.43%-3.1pp | 43.79%-19.4pp | 29.38%-5.0pp |
| Employer contribution / active EE | $283 | $2,040-86.1% | $3,865-92.7% | $2,177-87.0% |
| Participant deferral / active EE | $2,083 | $3,537-41.1% | $4,937-57.8% | $3,514-40.7% |
| Admin fee / account holder | $378 | $609-37.9% | $9,702-96.1% | $847-55.3% |