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.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $42,902 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $24,872 | $69,454-64.2% | $180,183-86.2% | $74,304-66.5% |
| Participation rate | 64.9% | 61.8%+3.1pp | 77.4%-12.5pp | 60.3%+4.6pp |
| Annual return | 25.16% | 25.86%-0.7pp | 27.86%-2.7pp | 29.43%-4.3pp |
| Employer contribution / active EE | $1,403 | $3,155-55.5% | $5,039-72.2% | $2,241-37.4% |
| Participant deferral / active EE | $3,971 | $4,662-14.8% | $6,822-41.8% | $3,767+5.4% |
| Admin fee / account holder | $267 | $3,036-91.2% | $19,975-98.7% | $2,969-91.0% |