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 year Filed as: ALERUS FINANCIAL, NA Service code 15 · EIN 45-6062081 | Recordkeeping | $11,088 |
MURRAY FINANCIAL GROUP1 year Filed as: MURRAY FINANCIAL GROUP, LLC Service code 16 · EIN 45-0834412 | Consulting | $4,574 |
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 | $17,893 | $54,229-67.0% | $70,092-74.5% | $68,494-73.9% |
| Participation rate | 51.2% | 64.5%-13.2pp | 70.5%-19.2pp | 67.9%-16.6pp |
| Annual return | -18.45% | -13.87%-4.6pp | 190.73%-209.2pp | -7.84%-10.6pp |
| Employer contribution / active EE | $1,197 | $2,018-40.7% | $2,559-53.2% | $2,596-53.9% |
| Participant deferral / active EE | $2,519 | $2,956-14.8% | $3,849-34.6% | $4,027-37.5% |
| Admin fee / account holder | $215 | $4,694-95.4% | $6,267-96.6% | $5,403-96.0% |