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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 45-0345592 | Recordkeeping | $12,577 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $29,398 | $42,546-30.9% | $71,796-59.1% | $55,167-46.7% |
| Participation rate | 68.4% | 59.1%+9.3pp | 69.1%-0.7pp | 69.0%-0.6pp |
| Annual return | 7.71% | 12.36%-4.7pp | 78.04%-70.3pp | 169.23%-161.5pp |
| Employer contribution / active EE | $877 | $803+9.2% | $1,924-54.4% | $1,963-55.3% |
| Participant deferral / active EE | $907 | $2,064-56.1% | $2,794-67.6% | $3,054-70.3% |
| Admin fee / account holder | $95 | $650-85.4% | $4,815-98.0% | $504-81.2% |