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 | $76,079 |
Service code 60 · EIN 04-2647786 | Sub-TA Fees | $0 |
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 | $75,307 | $55,415+35.9% | $155,509-51.6% | $74,495+1.1% |
| Participation rate | 88.4% | 61.9%+26.5pp | 78.2%+10.2pp | 67.2%+21.2pp |
| Annual return | 14.34% | 268.50%-254.2pp | 64.67%-50.3pp | 1364.94%-1350.6pp |
| Employer contribution / active EE | $1,293 | $2,267-43.0% | $4,672-72.3% | $2,623-50.7% |
| Participant deferral / active EE | $3,982 | $2,836+40.4% | $5,626-29.2% | $4,346-8.4% |
| Admin fee / account holder | $382 | $1,738-78.0% | $15,912-97.6% | $1,942-80.3% |