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 3-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.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $23,996 | $55,415-56.7% | $155,509-84.6% | $74,495-67.8% |
| Participation rate | 49.8% | 61.9%-12.1pp | 78.2%-28.4pp | 67.2%-17.4pp |
| Annual return | 16.24% | 268.50%-252.3pp | 64.67%-48.4pp | 1364.94%-1348.7pp |
| Employer contribution / active EE | $1,566 | $2,267-30.9% | $4,672-66.5% | $2,623-40.3% |
| Participant deferral / active EE | $1,149 | $2,836-59.5% | $5,626-79.6% | $4,346-73.6% |
| Admin fee / account holder | $73 | $1,738-95.8% | $15,912-99.5% | $1,942-96.2% |