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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $30,483 |
E. COHEN AND COMPANY, CPAS4+ years Service code 10 · EIN 52-1754364 | Accounting | $10,000 |
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 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 | $66,836 | $65,365+2.2% | $92,893-28.1% | $72,985-8.4% |
| Participation rate | 81.1% | 68.3%+12.7pp | 76.0%+5.0pp | 69.5%+11.6pp |
| Annual return | 18.69% | 42.10%-23.4pp | 109.41%-90.7pp | 81.00%-62.3pp |
| Employer contribution / active EE | $0 | $2,594-100.0% | $3,653-100.0% | $2,440-100.0% |
| Participant deferral / active EE | $2,446 | $3,128-21.8% | $4,236-42.3% | $3,607-32.2% |
| Admin fee / account holder | $397 | $4,251-90.7% | $5,794-93.1% | $5,124-92.3% |