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 Service code 15 · EIN 45-6062081 | Recordkeeping | $27,958 |
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 | $110,368 | $58,320+89.2% | $86,436+27.7% | $66,914+64.9% |
| Participation rate | 90.0% | 78.6%+11.4pp | 80.3%+9.7pp | 69.8%+20.2pp |
| Annual return | -17.66% | -9.71%-7.9pp | 4394.89%-4412.6pp | 1.58%-19.2pp |
| Employer contribution / active EE | $2,686 | $2,615+2.7% | $3,769-28.7% | $2,544+5.6% |
| Participant deferral / active EE | $8,064 | $6,899+16.9% | $6,952+16.0% | $4,237+90.3% |
| Admin fee / account holder | $239 | $546-56.2% | $6,731-96.4% | $593-59.7% |