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 7-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 | $1,491 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $20,065 | $54,590-63.2% | $81,930-75.5% | $73,488-72.7% |
| Participation rate | 53.7% | 68.3%-14.6pp | 72.0%-18.3pp | 70.7%-17.0pp |
| Annual return | 25.18% | 17.74%+7.4pp | 29.49%-4.3pp | 28.51%-3.3pp |
| Employer contribution / active EE | $1,049 | $1,636-35.9% | $4,310-75.7% | $2,270-53.8% |
| Participant deferral / active EE | $2,022 | $2,759-26.7% | $7,107-71.5% | $3,740-45.9% |
| Admin fee / account holder | $25 | $592-95.7% | $5,158-99.5% | $513-95.1% |