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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $25,137 |
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $14,196 |
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.)
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $94,310 | $71,192+32.5% | $117,854-20.0% | $62,292+51.4% |
| Participation rate | 67.7% | 74.2%-6.5pp | 79.7%-12.0pp | 69.5%-1.8pp |
| Annual return | 14.41% | 18.66%-4.2pp | 335.08%-320.7pp | 28.90%-14.5pp |
| Employer contribution / active EE | $636 | $1,934-67.1% | $3,786-83.2% | $2,042-68.9% |
| Participant deferral / active EE | $3,724 | $3,189+16.8% | $4,482-16.9% | $3,169+17.5% |
| Admin fee / account holder | $368 | $587-37.4% | $8,020-95.4% | $479-23.3% |