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.4+ years Filed as: ALERUS FINANCIAL Service code 21 · EIN 45-0140105 PO BOX 64533 · ST. PAUL, MN 551640533 | Bank Trustee | $44,417 |
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 | $65,954 | $55,449+18.9% | $83,848-21.3% | $56,287+17.2% |
| Participation rate | 86.3% | 68.0%+18.3pp | 76.1%+10.1pp | 69.9%+16.4pp |
| Annual return | -6.38% | -1.38%-5.0pp | 850.88%-857.3pp | -9.96%+3.6pp |
| Employer contribution / active EE | $1,471 | $2,430-39.5% | $3,631-59.5% | $2,111-30.3% |
| Participant deferral / active EE | $4,783 | $2,935+62.9% | $4,082+17.2% | $3,350+42.8% |
| Admin fee / account holder | $324 | $656-50.6% | $5,478-94.1% | $521-37.8% |