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 | $23,095 |
ALERUS FINANCIAL, N.A.5+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $8,743 |
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.)
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 | $122,972 | $65,365+88.1% | $92,893+32.4% | $72,985+68.5% |
| Participation rate | 56.5% | 68.3%-11.8pp | 76.0%-19.5pp | 69.5%-13.0pp |
| Annual return | 22.70% | 42.10%-19.4pp | 109.41%-86.7pp | 81.00%-58.3pp |
| Employer contribution / active EE | $1,312 | $2,594-49.4% | $3,653-64.1% | $2,440-46.2% |
| Participant deferral / active EE | $2,643 | $3,128-15.5% | $4,236-37.6% | $3,607-26.7% |
| Admin fee / account holder | $522 | $4,251-87.7% | $5,794-91.0% | $5,124-89.8% |