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 3-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 Service code 15 · EIN 45-6062081 | Recordkeeping | $36,035 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $71,567 | $86,922-17.7% | $102,438-30.1% | $80,874-11.5% |
| Participation rate | 93.5% | 72.4%+21.2pp | 76.5%+17.1pp | 67.6%+25.9pp |
| Annual return | 14.66% | 18.90%-4.2pp | 29.37%-14.7pp | 35.62%-21.0pp |
| Employer contribution / active EE | $2,213 | $2,369-6.6% | $3,024-26.8% | $2,756-19.7% |
| Participant deferral / active EE | $3,414 | $4,119-17.1% | $5,054-32.4% | $4,297-20.6% |
| Admin fee / account holder | $369 | $8,050-95.4% | $9,448-96.1% | $6,935-94.7% |