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.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $50,679 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $50,278 | $79,171-36.5% | $102,423-50.9% | $74,495-32.5% |
| Participation rate | 75.7% | 74.8%+0.9pp | 76.5%-0.8pp | 67.2%+8.5pp |
| Annual return | 23.19% | 54.93%-31.7pp | 29.32%-6.1pp | 1364.94%-1341.8pp |
| Employer contribution / active EE | $738 | $2,362-68.7% | $3,023-75.6% | $2,623-71.8% |
| Participant deferral / active EE | $3,415 | $4,415-22.6% | $5,053-32.4% | $4,346-21.4% |
| Admin fee / account holder | $352 | $2,001-82.4% | $9,451-96.3% | $1,942-81.9% |