Unlock peer percentile detail for $4.99 your first month
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
Unlock 10-year trajectory for $4.99 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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $32,442 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,838 | $62,409+11.9% | $120,368-42.0% | $74,546-6.3% |
| Participation rate | 61.7% | 56.8%+5.0pp | 71.9%-10.2pp | 67.2%-5.5pp |
| Annual return | 6.01% | 18.62%-12.6pp | 107.26%-101.2pp | 1366.03%-1360.0pp |
| Employer contribution / active EE | $1,315 | $1,847-28.8% | $3,465-62.1% | $2,624-49.9% |
| Participant deferral / active EE | $2,207 | $2,888-23.6% | $4,991-55.8% | $4,347-49.2% |
| Admin fee / account holder | $312 | $2,394-87.0% | $9,429-96.7% | $1,944-83.9% |