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.1+ years Filed as: ALERUS FINAICIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $3,263 |
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 | $42,668 | $75,828-43.7% | $147,614-71.1% | $59,632-28.4% |
| Participation rate | 96.6% | 71.6%+25.1pp | 84.6%+12.0pp | 68.7%+28.0pp |
| Annual return | 8.80% | 0.37%+8.4pp | 61.98%-53.2pp | 2041.28%-2032.5pp |
| Employer contribution / active EE | $1,907 | $3,485-45.3% | $5,564-65.7% | $2,203-13.4% |
| Participant deferral / active EE | $3,552 | $3,130+13.5% | $4,895-27.4% | $3,192+11.3% |
| Admin fee / account holder | $27 | $5,985-99.5% | $11,611-99.8% | $4,297-99.4% |