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 Service code 15 · EIN 45-6062081 | Recordkeeping | $10,610 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $43,735 | $40,479+8.0% | $78,210-44.1% | $62,292-29.8% |
| Participation rate | 58.1% | 54.6%+3.5pp | 68.7%-10.6pp | 69.5%-11.4pp |
| Annual return | 15.56% | 66.31%-50.8pp | 40.90%-25.3pp | 28.90%-13.3pp |
| Employer contribution / active EE | $1,015 | $1,024-0.9% | $2,034-50.1% | $2,042-50.3% |
| Participant deferral / active EE | $2,216 | $1,718+29.0% | $2,823-21.5% | $3,169-30.1% |
| Admin fee / account holder | $183 | $376-51.4% | $3,758-95.1% | $479-61.8% |