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.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $49,455 |
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS INVESTMENT ADVIORS, INC. Service code 26 · EIN 42-1378382 | Advisory (Participants) | $7,971 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $148,522 | $60,323+146.2% | $81,812+81.5% | $74,495+99.4% |
| Participation rate | 100.0% | 62.9%+37.1pp | 72.3%+27.7pp | 67.2%+32.8pp |
| Annual return | 16.36% | 16.90%-0.5pp | 773.79%-757.4pp | 1364.94%-1348.6pp |
| Employer contribution / active EE | $5,394 | $2,620+105.8% | $2,912+85.2% | $2,623+105.6% |
| Participant deferral / active EE | $6,521 | $3,387+92.5% | $4,319+51.0% | $4,346+50.1% |
| Admin fee / account holder | $363 | $1,486-75.5% | $7,386-95.1% | $1,942-81.3% |