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 Service code 15 · EIN 45-6062081 | Recordkeeping | $98,475 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $130,874 | $75,388+73.6% | $123,544+5.9% | $55,725+134.9% |
| Participation rate | 100.0% | 75.7%+24.3pp | 82.3%+17.7pp | 70.9%+29.1pp |
| Annual return | -6.53% | 4.48%-11.0pp | 119.20%-125.7pp | 244.93%-251.5pp |
| Employer contribution / active EE | $6,864 | $3,063+124.1% | $4,628+48.3% | $2,078+230.3% |
| Participant deferral / active EE | $7,472 | $5,651+32.2% | $6,426+16.3% | $3,356+122.7% |
| Admin fee / account holder | $309 | $120+157.8% | $9,284-96.7% | $115+168.0% |