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 6-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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $14,609 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $3,833 | $51,447-92.5% | $104,607-96.3% | $73,409-94.8% |
| Participation rate | 88.4% | 68.2%+20.2pp | 74.1%+14.3pp | 72.2%+16.3pp |
| Annual return | 50.41% | 25.06%+25.4pp | 340.46%-290.1pp | 59.29%-8.9pp |
| Employer contribution / active EE | $302 | $1,441-79.1% | $2,681-88.7% | $2,234-86.5% |
| Participant deferral / active EE | $1,877 | $3,058-38.6% | $3,740-49.8% | $3,805-50.7% |
| Admin fee / account holder | $35 | $122-71.3% | $6,473-99.5% | $158-77.8% |