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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.
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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 Service code 15 · EIN 45-6062081 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
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 | $48,251 | $63,299-23.8% | $91,001-47.0% | $62,292-22.5% |
| Participation rate | 45.5% | 73.3%-27.9pp | 75.6%-30.1pp | 69.5%-24.1pp |
| Annual return | 17.55% | 20.99%-3.4pp | 4.60%+13.0pp | 28.90%-11.3pp |
| Employer contribution / active EE | $305 | $1,807-83.1% | $2,456-87.6% | $2,042-85.1% |
| Participant deferral / active EE | $1,512 | $2,943-48.6% | $3,547-57.4% | $3,169-52.3% |
| Admin fee / account holder | $199 | $468-57.5% | $5,417-96.3% | $479-58.5% |