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.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $50,692 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $34,548 | $86,655-60.1% | $119,609-71.1% | $66,914-48.4% |
| Participation rate | 60.3% | 75.6%-15.3pp | 79.3%-19.0pp | 69.8%-9.5pp |
| Annual return | -15.59% | -8.00%-7.6pp | -14.97%-0.6pp | 1.58%-17.2pp |
| Employer contribution / active EE | $379 | $2,536-85.0% | $4,232-91.0% | $2,544-85.1% |
| Participant deferral / active EE | $2,535 | $4,358-41.8% | $5,602-54.7% | $4,237-40.2% |
| Admin fee / account holder | $321 | $755-57.5% | $10,323-96.9% | $593-45.9% |