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, N.A Service code 15 · EIN 45-6062081 | Recordkeeping | $8,590 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $140 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,213 | $39,038+54.2% | $98,755-39.0% | $86,799-30.6% |
| Participation rate | 39.0% | 68.2%-29.2pp | 65.7%-26.7pp | 72.3%-33.3pp |
| Annual return | 17.41% | 25.86%-8.5pp | 49.91%-32.5pp | 97.91%-80.5pp |
| Employer contribution / active EE | $0 | $1,231-100.0% | $2,067-100.0% | $2,405-100.0% |
| Participant deferral / active EE | $1,383 | $2,581-46.4% | $3,035-54.4% | $4,131-66.5% |
| Admin fee / account holder | $54 | $126-57.2% | $4,076-98.7% | $170-68.2% |