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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $22,685 |
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 | $112,591 | $73,638+52.9% | $95,952+17.3% | $73,488+53.2% |
| Participation rate | 44.3% | 76.2%-31.9pp | 77.1%-32.8pp | 70.7%-26.4pp |
| Annual return | 14.21% | 16.78%-2.6pp | 91.61%-77.4pp | 28.51%-14.3pp |
| Employer contribution / active EE | $953 | $1,863-48.8% | $2,541-62.5% | $2,270-58.0% |
| Participant deferral / active EE | $2,485 | $3,617-31.3% | $4,167-40.4% | $3,740-33.6% |
| Admin fee / account holder | $362 | $482-24.9% | $6,795-94.7% | $513-29.4% |