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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $19,795 |
WHITE NELSON DIEHL EVANS LLP2+ years Service code 10 · EIN 33-0686301 | Accounting | $7,000 |
RYAN & COCIA, PC2+ years Service code 10 · EIN 04-2894876 | Accounting | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
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 | $78,994 | $52,884+49.4% | $84,750-6.8% | $55,167+43.2% |
| Participation rate | 42.1% | 67.5%-25.4pp | 76.6%-34.5pp | 69.0%-26.9pp |
| Annual return | 2.90% | 18.03%-15.1pp | 22.78%-19.9pp | 169.23%-166.3pp |
| Employer contribution / active EE | $312 | $2,233-86.0% | $3,574-91.3% | $1,963-84.1% |
| Participant deferral / active EE | $1,941 | $2,644-26.6% | $3,712-47.7% | $3,054-36.4% |
| Admin fee / account holder | $381 | $581-34.3% | $5,332-92.8% | $504-24.3% |