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.2 years Filed as: ALERUS FINANCIAL N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $56,191 |
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 | $88,103 | $80,724+9.1% | $103,333-14.7% | $74,495+18.3% |
| Participation rate | 98.6% | 65.7%+33.0pp | 74.5%+24.1pp | 67.2%+31.4pp |
| Annual return | 17.60% | 27.56%-10.0pp | 24.88%-7.3pp | 1364.94%-1347.3pp |
| Employer contribution / active EE | $4,440 | $3,157+40.6% | $3,868+14.8% | $2,623+69.3% |
| Participant deferral / active EE | $8,581 | $3,860+122.3% | $5,057+69.7% | $4,346+97.5% |
| Admin fee / account holder | $298 | $2,368-87.4% | $8,355-96.4% | $1,942-84.7% |