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.3+ years Filed as: ALERUS FINAICIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $766 |
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 | $57,363 | $55,453+3.4% | $170,442-66.3% | $62,292-7.9% |
| Participation rate | 96.4% | 66.4%+30.0pp | 83.6%+12.8pp | 69.5%+26.9pp |
| Annual return | 21.05% | 21.38%-0.3pp | 205.93%-184.9pp | 28.90%-7.8pp |
| Employer contribution / active EE | $1,981 | $2,164-8.4% | $5,433-63.5% | $2,042-3.0% |
| Participant deferral / active EE | $4,259 | $2,303+84.9% | $4,939-13.8% | $3,169+34.4% |
| Admin fee / account holder | $6 | $455-98.8% | $13,880-100.0% | $479-98.8% |