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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $61,950 |
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 | $102,858 | $84,936+21.1% | $111,297-7.6% | $79,386+29.6% |
| Participation rate | 80.1% | 75.9%+4.3pp | 77.3%+2.8pp | 70.7%+9.4pp |
| Annual return | 31.47% | 17.45%+14.0pp | 54.65%-23.2pp | 116.85%-85.4pp |
| Employer contribution / active EE | $1,749 | $1,979-11.6% | $2,731-36.0% | $2,427-28.0% |
| Participant deferral / active EE | $4,292 | $3,888+10.4% | $4,487-4.4% | $4,046+6.1% |
| Admin fee / account holder | $413 | $537-23.1% | $7,964-94.8% | $626-34.1% |