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 | $40,251 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $73,511 | $96,018-23.4% | $65,493+12.2% | $85,563-14.1% |
| Participation rate | 53.8% | 74.8%-21.1pp | 73.1%-19.3pp | 66.0%-12.2pp |
| Annual return | 12.55% | 14.51%-2.0pp | 982.45%-969.9pp | 31.51%-19.0pp |
| Employer contribution / active EE | $878 | $3,235-72.9% | $2,574-65.9% | $2,654-66.9% |
| Participant deferral / active EE | $2,926 | $4,055-27.8% | $3,961-26.1% | $4,375-33.1% |
| Admin fee / account holder | $214 | $271-20.9% | $5,028-95.7% | $834-74.3% |