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+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $9,987 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant 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 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 | $37,057 | $42,546-12.9% | $71,796-48.4% | $55,167-32.8% |
| Participation rate | 25.0% | 59.1%-34.1pp | 69.1%-44.1pp | 69.0%-44.0pp |
| Annual return | 11.02% | 12.36%-1.3pp | 78.04%-67.0pp | 169.23%-158.2pp |
| Employer contribution / active EE | $501 | $803-37.6% | $1,924-74.0% | $1,963-74.5% |
| Participant deferral / active EE | $910 | $2,064-55.9% | $2,794-67.4% | $3,054-70.2% |
| Admin fee / account holder | $326 | $650-49.7% | $4,815-93.2% | $504-35.2% |