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 9-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.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $85,071 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $89,484 | $82,917+7.9% | $103,333-13.4% | $77,643+15.3% |
| Participation rate | 68.7% | 71.6%-2.8pp | 74.5%-5.8pp | 70.6%-1.8pp |
| Annual return | 11.77% | 19.13%-7.4pp | 24.88%-13.1pp | 31.24%-19.5pp |
| Employer contribution / active EE | $1,594 | $3,552-55.1% | $3,868-58.8% | $2,726-41.5% |
| Participant deferral / active EE | $3,645 | $4,108-11.3% | $5,057-27.9% | $4,647-21.6% |
| Admin fee / account holder | $381 | $638-40.2% | $8,355-95.4% | $430-11.4% |