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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.
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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.1 year Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-0140105 2300 S COLUMBIA RD · GRAND FORKS, ND 58211 | Recordkeeping | $5,367 |
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 | $19,240 | $55,636-65.4% | $81,983-76.5% | $73,488-73.8% |
| Participation rate | 6.9% | 62.3%-55.4pp | 69.2%-62.4pp | 70.7%-63.8pp |
| Annual return | 24.82% | 19.07%+5.8pp | 41.31%-16.5pp | 28.51%-3.7pp |
| Employer contribution / active EE | $52 | $1,625-96.8% | $2,498-97.9% | $2,270-97.7% |
| Participant deferral / active EE | $1,324 | $2,762-52.1% | $3,722-64.4% | $3,740-64.6% |
| Admin fee / account holder | $282 | $493-42.7% | $5,664-95.0% | $513-44.9% |