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 Filed as: ALERUS FINANCIAL N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $207,121 |
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 | $94,549 | $89,739+5.4% | $149,718-36.8% | $62,292+51.8% |
| Participation rate | 98.5% | 85.1%+13.4pp | 87.1%+11.5pp | 69.5%+29.0pp |
| Annual return | 16.67% | 21.01%-4.3pp | 1501.63%-1485.0pp | 28.90%-12.2pp |
| Employer contribution / active EE | $6,765 | $3,233+109.3% | $5,445+24.2% | $2,042+231.3% |
| Participant deferral / active EE | $16,220 | $4,797+238.1% | $6,569+146.9% | $3,169+411.8% |
| Admin fee / account holder | $456 | $551-17.2% | $11,283-96.0% | $479-4.8% |