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.1+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-0140105 2300 S COLUMBIA RD · GRAND FORKS, ND 58201 | Recordkeeping | $10,163 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll 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 | $21,055 | $46,745-55.0% | $60,547-65.2% | $52,331-59.8% |
| Participation rate | 50.4% | 58.6%-8.2pp | 68.0%-17.6pp | 68.1%-17.7pp |
| Annual return | -1.18% | 0.61%-1.8pp | 335.64%-336.8pp | 4.54%-5.7pp |
| Employer contribution / active EE | $441 | $1,259-64.9% | $2,419-81.8% | $1,882-76.5% |
| Participant deferral / active EE | $1,061 | $2,145-50.5% | $3,328-68.1% | $3,022-64.9% |
| Admin fee / account holder | $114 | $537-78.7% | $4,536-97.5% | $592-80.7% |