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 | $81,432 |
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).
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $423,658 | $75,388+462.0% | $123,544+242.9% | $55,725+660.3% |
| Participation rate | 0.0% | 75.7%-75.7pp | 82.3%-82.3pp | 70.9%-70.9pp |
| Annual return | -1.54% | 4.48%-6.0pp | 119.20%-120.7pp | 244.93%-246.5pp |
| Employer contribution / active EE | $4,083 | $3,063+33.3% | $4,628-11.8% | $2,078+96.5% |
| Participant deferral / active EE | $4,268 | $5,651-24.5% | $6,426-33.6% | $3,356+27.2% |
| Admin fee / account holder | $2,143 | $120+1689.4% | $9,284-76.9% | $115+1760.5% |