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.8 years Service code 15 · EIN 45-6062081 | Recordkeeping | $33,605 |
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 | $72,022 | $62,127+15.9% | $81,382-11.5% | $74,495-3.3% |
| Participation rate | 61.6% | 64.0%-2.4pp | 69.5%-7.9pp | 67.2%-5.6pp |
| Annual return | 15.69% | 16.48%-0.8pp | 24.73%-9.0pp | 1364.94%-1349.3pp |
| Employer contribution / active EE | $1,681 | $1,882-10.7% | $2,463-31.8% | $2,623-35.9% |
| Participant deferral / active EE | $2,827 | $3,229-12.4% | $3,883-27.2% | $4,346-34.9% |
| Admin fee / account holder | $255 | $1,934-86.8% | $5,768-95.6% | $1,942-86.9% |