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 FINANICAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $23,912 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,877 | $60,323-32.2% | $81,812-50.0% | $74,495-45.1% |
| Participation rate | 53.4% | 62.9%-9.5pp | 72.3%-18.9pp | 67.2%-13.8pp |
| Annual return | 15.56% | 16.90%-1.3pp | 773.79%-758.2pp | 1364.94%-1349.4pp |
| Employer contribution / active EE | $1,013 | $2,620-61.3% | $2,912-65.2% | $2,623-61.4% |
| Participant deferral / active EE | $2,448 | $3,387-27.7% | $4,319-43.3% | $4,346-43.7% |
| Admin fee / account holder | $134 | $1,486-91.0% | $7,386-98.2% | $1,942-93.1% |