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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $64,230 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,352 | $65,061+3.5% | $143,757-53.1% | $66,914+0.7% |
| Participation rate | 83.4% | 65.2%+18.3pp | 80.3%+3.1pp | 69.8%+13.6pp |
| Annual return | -9.97% | -11.14%+1.2pp | -0.04%-9.9pp | 1.58%-11.6pp |
| Employer contribution / active EE | $1,404 | $2,361-40.5% | $4,951-71.7% | $2,544-44.8% |
| Participant deferral / active EE | $3,657 | $2,919+25.3% | $5,637-35.1% | $4,237-13.7% |
| Admin fee / account holder | $425 | $502-15.3% | $14,673-97.1% | $593-28.3% |