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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $4,566 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,325 | $50,199-39.6% | $70,092-56.7% | $66,914-54.7% |
| Participation rate | 47.4% | 66.3%-19.0pp | 70.5%-23.1pp | 69.8%-22.4pp |
| Annual return | -9.80% | -13.85%+4.0pp | 190.73%-200.5pp | 1.58%-11.4pp |
| Employer contribution / active EE | $1,004 | $1,864-46.1% | $2,559-60.8% | $2,544-60.5% |
| Participant deferral / active EE | $2,137 | $3,112-31.3% | $3,849-44.5% | $4,237-49.6% |
| Admin fee / account holder | $74 | $600-87.7% | $6,267-98.8% | $593-87.6% |