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.4+ years Filed as: ALERUS FINAICIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $1,382 |
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $58,167 | $76,000-23.5% | $154,107-62.3% | $64,186-9.4% |
| Participation rate | 95.8% | 70.4%+25.4pp | 83.0%+12.8pp | 69.6%+26.2pp |
| Annual return | 1.46% | 30.32%-28.9pp | 735.12%-733.7pp | 7.63%-6.2pp |
| Employer contribution / active EE | $2,065 | $3,351-38.4% | $5,298-61.0% | $2,381-13.3% |
| Participant deferral / active EE | $4,400 | $3,175+38.6% | $5,081-13.4% | $3,470+26.8% |
| Admin fee / account holder | $11 | $5,596-99.8% | $13,411-99.9% | $4,888-99.8% |