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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $23,032 |
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $12,947 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $89,126 | $63,924+39.4% | $108,579-17.9% | $55,167+61.6% |
| Participation rate | 71.8% | 74.3%-2.5pp | 79.6%-7.8pp | 69.0%+2.8pp |
| Annual return | -0.10% | 15.31%-15.4pp | -51.70%+51.6pp | 169.23%-169.3pp |
| Employer contribution / active EE | $678 | $1,879-63.9% | $3,758-82.0% | $1,963-65.5% |
| Participant deferral / active EE | $4,125 | $3,067+34.5% | $4,311-4.3% | $3,054+35.1% |
| Admin fee / account holder | $353 | $618-42.9% | $7,645-95.4% | $504-30.0% |