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.7 years Service code 15 · EIN 45-6062081 | Recordkeeping | $35,594 |
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 | $48,776 | $61,774-21.0% | $97,226-49.8% | $80,856-39.7% |
| Participation rate | 91.7% | 63.5%+28.2pp | 72.7%+19.0pp | 67.6%+24.0pp |
| Annual return | 11.32% | -557.90%+569.2pp | 75.13%-63.8pp | 35.59%-24.3pp |
| Employer contribution / active EE | $165 | $1,837-91.0% | $2,729-94.0% | $2,755-94.0% |
| Participant deferral / active EE | $2,466 | $3,029-18.6% | $4,264-42.2% | $4,296-42.6% |
| Admin fee / account holder | $335 | $5,166-93.5% | $5,654-94.1% | $6,918-95.2% |