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 | $29,751 |
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.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $104,679 | $65,376+60.1% | $87,100+20.2% | $65,185+60.6% |
| Participation rate | 41.8% | 75.3%-33.5pp | 76.9%-35.1pp | 70.2%-28.4pp |
| Annual return | 25.50% | 31.27%-5.8pp | 28.19%-2.7pp | 29.38%-3.9pp |
| Employer contribution / active EE | $849 | $1,822-53.4% | $2,521-66.3% | $2,177-61.0% |
| Participant deferral / active EE | $2,163 | $3,388-36.2% | $4,049-46.6% | $3,514-38.4% |
| Admin fee / account holder | $350 | $520-32.7% | $7,497-95.3% | $847-58.7% |