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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $3,675 |
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 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 | $26,125 | $89,652-70.9% | $141,162-81.5% | $65,185-59.9% |
| Participation rate | 84.4% | 74.7%+9.7pp | 82.5%+1.9pp | 70.2%+14.2pp |
| Annual return | 25.17% | 32.79%-7.6pp | 71.39%-46.2pp | 29.38%-4.2pp |
| Employer contribution / active EE | $380 | $3,065-87.6% | $4,735-92.0% | $2,177-82.5% |
| Participant deferral / active EE | $2,811 | $5,691-50.6% | $6,709-58.1% | $3,514-20.0% |
| Admin fee / account holder | $21 | $569-96.2% | $10,261-99.8% | $847-97.5% |