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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $7,726 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $100,718 | $71,192+41.5% | $117,854-14.5% | $62,292+61.7% |
| Participation rate | 42.9% | 74.2%-31.4pp | 79.7%-36.8pp | 69.5%-26.7pp |
| Annual return | 17.34% | 18.66%-1.3pp | 335.08%-317.7pp | 28.90%-11.6pp |
| Employer contribution / active EE | $286 | $1,934-85.2% | $3,786-92.5% | $2,042-86.0% |
| Participant deferral / active EE | $2,567 | $3,189-19.5% | $4,482-42.7% | $3,169-19.0% |
| Admin fee / account holder | $17 | $587-97.0% | $8,020-99.8% | $479-96.4% |