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 Filed as: ALERUS RETIREMENT SOLUTIONS Service code 60 · EIN 45-6062081 | Sub-TA Fees | $37,291 |
Filed as: ALDRICH WEALTH LIMITED PRTNERSHIP Service code 27 · EIN 93-1244319 | Advisory (Plan) | $25,628 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $126,423 | $61,156+106.7% | $185,823-32.0% | $79,386+59.3% |
| Participation rate | 53.4% | 66.6%-13.2pp | 81.7%-28.3pp | 70.7%-17.3pp |
| Annual return | 12.89% | 19.45%-6.6pp | 122.05%-109.2pp | 116.85%-104.0pp |
| Employer contribution / active EE | $2,162 | $2,321-6.8% | $5,167-58.2% | $2,427-10.9% |
| Participant deferral / active EE | $5,251 | $2,789+88.3% | $5,568-5.7% | $4,046+29.8% |
| Admin fee / account holder | $609 | $710-14.2% | $16,237-96.2% | $626-2.8% |