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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $79,020 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,009 | $50,815-25.2% | $155,509-75.6% | $77,643-51.0% |
| Participation rate | 36.0% | 63.1%-27.1pp | 78.2%-42.2pp | 70.6%-34.6pp |
| Annual return | 11.80% | 34.80%-23.0pp | 64.67%-52.9pp | 31.24%-19.4pp |
| Employer contribution / active EE | $741 | $1,993-62.8% | $4,672-84.1% | $2,726-72.8% |
| Participant deferral / active EE | $1,152 | $2,822-59.2% | $5,626-79.5% | $4,647-75.2% |
| Admin fee / account holder | $224 | $437-48.7% | $15,912-98.6% | $430-48.0% |