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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $51,855 |
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.)
Annual investment return is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $108,637 | $65,435+66.0% | $86,677+25.3% | $66,914+62.4% |
| Participation rate | 41.0% | 75.5%-34.4pp | 76.6%-35.5pp | 69.8%-28.8pp |
| Annual return | -23.27% | -10.89%-12.4pp | 35.91%-59.2pp | 1.58%-24.9pp |
| Employer contribution / active EE | $1,073 | $2,153-50.2% | $2,836-62.2% | $2,544-57.8% |
| Participant deferral / active EE | $2,673 | $4,100-34.8% | $4,656-42.6% | $4,237-36.9% |
| Admin fee / account holder | $617 | $642-3.8% | $7,493-91.8% | $593+4.1% |