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 | $34,612 |
ALERUS FINANCIAL, N.A.6 years Filed as: ALERUS INVESTMENT ADVISORS, INC. Service code 27 · EIN 42-1378382 | Advisory (Plan) | $9,734 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $61,032 | $79,171-22.9% | $102,423-40.4% | $74,495-18.1% |
| Participation rate | 74.6% | 74.8%-0.2pp | 76.5%-1.9pp | 67.2%+7.4pp |
| Annual return | 12.80% | 54.93%-42.1pp | 29.32%-16.5pp | 1364.94%-1352.1pp |
| Employer contribution / active EE | $1,023 | $2,362-56.7% | $3,023-66.2% | $2,623-61.0% |
| Participant deferral / active EE | $2,605 | $4,415-41.0% | $5,053-48.5% | $4,346-40.1% |
| Admin fee / account holder | $376 | $2,001-81.2% | $9,451-96.0% | $1,942-80.6% |