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 year Service code 15 · EIN 45-6062081 | Recordkeeping | $91,744 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $206,204 | $132,049+56.2% | $200,582+2.8% | $74,304+177.5% |
| Participation rate | 99.3% | 84.1%+15.3pp | 86.9%+12.4pp | 60.3%+39.0pp |
| Annual return | 12.82% | 22.22%-9.4pp | 42.33%-29.5pp | 29.43%-16.6pp |
| Employer contribution / active EE | $11,785 | $4,558+158.6% | $6,419+83.6% | $2,241+425.8% |
| Participant deferral / active EE | $6,919 | $7,213-4.1% | $9,331-25.9% | $3,767+83.7% |
| Admin fee / account holder | $491 | $2,405-79.6% | $16,305-97.0% | $2,969-83.5% |