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 | $61,339 |
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 | $67,919 | $63,114+7.6% | $92,893-26.9% | $65,185+4.2% |
| Participation rate | 100.0% | 68.8%+31.2pp | 76.0%+24.0pp | 70.2%+29.8pp |
| Annual return | 22.15% | 28.75%-6.6pp | 109.41%-87.3pp | 29.38%-7.2pp |
| Employer contribution / active EE | $6,517 | $2,571+153.5% | $3,653+78.4% | $2,177+199.4% |
| Participant deferral / active EE | $2,588 | $3,108-16.7% | $4,236-38.9% | $3,514-26.3% |
| Admin fee / account holder | $311 | $624-50.0% | $5,794-94.6% | $847-63.2% |