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 | $52,959 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $69,692 | $73,638-5.4% | $95,952-27.4% | $73,488-5.2% |
| Participation rate | 94.2% | 76.2%+18.1pp | 77.1%+17.1pp | 70.7%+23.5pp |
| Annual return | 4.07% | 16.78%-12.7pp | 91.61%-87.5pp | 28.51%-24.4pp |
| Employer contribution / active EE | $2,078 | $1,863+11.5% | $2,541-18.2% | $2,270-8.5% |
| Participant deferral / active EE | $4,985 | $3,617+37.8% | $4,167+19.6% | $3,740+33.3% |
| Admin fee / account holder | $308 | $482-36.1% | $6,795-95.5% | $513-40.0% |