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.2+ years Filed as: ALERUS FINAICIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $707 |
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 | $48,397 | $46,732+3.6% | $156,549-69.1% | $55,167-12.3% |
| Participation rate | 95.1% | 65.8%+29.3pp | 84.0%+11.1pp | 69.0%+26.1pp |
| Annual return | 15.03% | 17.72%-2.7pp | 32.23%-17.2pp | 169.23%-154.2pp |
| Employer contribution / active EE | $1,904 | $2,105-9.5% | $5,501-65.4% | $1,963-3.0% |
| Participant deferral / active EE | $3,941 | $2,204+78.8% | $4,871-19.1% | $3,054+29.1% |
| Admin fee / account holder | $6 | $418-98.6% | $13,027-100.0% | $504-98.9% |