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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $16,658 |
LANIGAN RYAN MALCOM & DOYLE PC1+ years Service code 10 · EIN 52-1259972 | Accounting | $8,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $20,483 | $27,330-25.1% | $67,711-69.7% | $55,191-62.9% |
| Participation rate | 19.6% | 47.5%-27.9pp | 67.5%-47.9pp | 69.2%-49.6pp |
| Annual return | 1.38% | 8.81%-7.4pp | 25.41%-24.0pp | 10.78%-9.4pp |
| Employer contribution / active EE | $1,159 | $855+35.6% | $2,559-54.7% | $1,899-38.9% |
| Participant deferral / active EE | $874 | $1,709-48.8% | $3,585-75.6% | $3,046-71.3% |
| Admin fee / account holder | $74 | $109-32.6% | $4,255-98.3% | $91-18.9% |