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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $6,254 |
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 | $19,501 | $61,272-68.2% | $149,673-87.0% | $71,457-72.7% |
| Participation rate | 49.2% | 62.5%-13.4pp | 78.8%-29.6pp | 67.9%-18.8pp |
| Annual return | 33.60% | 35.85%-2.3pp | 134.42%-100.8pp | 28.85%+4.8pp |
| Employer contribution / active EE | $1,099 | $2,378-53.8% | $4,818-77.2% | $2,588-57.5% |
| Participant deferral / active EE | $1,491 | $2,917-48.9% | $5,680-73.8% | $4,289-65.2% |
| Admin fee / account holder | $43 | $1,261-96.6% | $13,210-99.7% | $1,587-97.3% |