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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,497 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $45,443 | $54,541-16.7% | $78,778-42.3% | $70,131-35.2% |
| Participation rate | 28.2% | 60.8%-32.6pp | 69.2%-41.0pp | 69.5%-41.3pp |
| Annual return | 17.65% | 21.07%-3.4pp | 35.62%-18.0pp | 73.14%-55.5pp |
| Employer contribution / active EE | $577 | $1,089-47.0% | $1,986-70.9% | $2,342-75.3% |
| Participant deferral / active EE | $1,053 | $2,210-52.3% | $2,958-64.4% | $3,332-68.4% |
| Admin fee / account holder | $357 | $3,709-90.4% | $5,134-93.0% | $4,645-92.3% |