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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 | $7,289 |
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.
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 | $83,667 | $63,924+30.9% | $108,579-22.9% | $55,167+51.7% |
| Participation rate | 43.9% | 74.3%-30.4pp | 79.6%-35.6pp | 69.0%-25.0pp |
| Annual return | 8.57% | 15.31%-6.7pp | -51.70%+60.3pp | 169.23%-160.7pp |
| Employer contribution / active EE | $281 | $1,879-85.1% | $3,758-92.5% | $1,963-85.7% |
| Participant deferral / active EE | $2,382 | $3,067-22.3% | $4,311-44.7% | $3,054-22.0% |
| Admin fee / account holder | $21 | $618-96.5% | $7,645-99.7% | $504-95.7% |