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 | $34,170 |
Service code 16 · EIN 81-3320514 | Consulting | $22,565 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $79,672 | $58,577+36.0% | $83,333-4.4% | $64,186+24.1% |
| Participation rate | 75.5% | 72.0%+3.5pp | 77.8%-2.2pp | 69.6%+6.0pp |
| Annual return | -6.19% | 9.65%-15.8pp | 10.63%-16.8pp | 7.63%-13.8pp |
| Employer contribution / active EE | $1,496 | $2,098-28.7% | $3,379-55.7% | $2,381-37.2% |
| Participant deferral / active EE | $2,117 | $4,654-54.5% | $5,565-62.0% | $3,470-39.0% |
| Admin fee / account holder | $579 | $9,275-93.8% | $7,510-92.3% | $4,888-88.2% |