See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $44,021 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,672 | $65,435-66.9% | $86,677-75.0% | $66,914-67.6% |
| Participation rate | 94.3% | 75.5%+18.8pp | 76.6%+17.7pp | 69.8%+24.5pp |
| Annual return | -7.70% | -10.89%+3.2pp | 35.91%-43.6pp | 1.58%-9.3pp |
| Employer contribution / active EE | $2,098 | $2,153-2.6% | $2,836-26.0% | $2,544-17.6% |
| Participant deferral / active EE | $3,663 | $4,100-10.7% | $4,656-21.3% | $4,237-13.5% |
| Admin fee / account holder | $194 | $642-69.8% | $7,493-97.4% | $593-67.3% |