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.10+ years Filed as: ALERUS FINAICIAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $6,753 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $74,260 | $55,415+34.0% | $155,509-52.2% | $74,495-0.3% |
| Participation rate | 91.3% | 61.9%+29.4pp | 78.2%+13.1pp | 67.2%+24.1pp |
| Annual return | 21.36% | 268.50%-247.1pp | 64.67%-43.3pp | 1364.94%-1343.6pp |
| Employer contribution / active EE | $2,407 | $2,267+6.2% | $4,672-48.5% | $2,623-8.2% |
| Participant deferral / active EE | $4,934 | $2,836+74.0% | $5,626-12.3% | $4,346+13.5% |
| Admin fee / account holder | $46 | $1,738-97.4% | $15,912-99.7% | $1,942-97.7% |