Filed January 24, 2023
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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,215 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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 | $15,549 | $55,449-72.0% | $83,848-81.5% | $56,287-72.4% |
| Participation rate | 84.0% | 68.0%+16.0pp | 76.1%+7.8pp | 69.9%+14.1pp |
| Annual return | -5.43% | -1.38%-4.0pp | 850.88%-856.3pp | -9.96%+4.5pp |
| Employer contribution / active EE | $531 | $2,430-78.1% | $3,631-85.4% | $2,111-74.8% |
| Participant deferral / active EE | $2,644 | $2,935-9.9% | $4,082-35.2% | $3,350-21.1% |
| Admin fee / account holder | $40 | $656-93.9% | $5,478-99.3% | $521-92.3% |