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.8 years Service code 15 · EIN 45-6062081 | Recordkeeping | $44,063 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $37,280 | $76,050-51.0% | $96,544-61.4% | $71,457-47.8% |
| Participation rate | 72.0% | 74.4%-2.4pp | 76.0%-3.9pp | 67.9%+4.1pp |
| Annual return | 39.79% | 22.81%+17.0pp | 25.84%+13.9pp | 28.85%+10.9pp |
| Employer contribution / active EE | $537 | $2,244-76.1% | $2,965-81.9% | $2,588-79.3% |
| Participant deferral / active EE | $2,637 | $4,215-37.5% | $4,851-45.6% | $4,289-38.5% |
| Admin fee / account holder | $282 | $2,707-89.6% | $8,252-96.6% | $1,587-82.2% |