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.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $11,164 |
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 | $46,575 | $32,865+41.7% | $75,826-38.6% | $56,287-17.3% |
| Participation rate | 57.7% | 53.0%+4.7pp | 68.2%-10.5pp | 69.9%-12.2pp |
| Annual return | -5.06% | -5.01%0pp | 1914.15%-1919.2pp | -9.96%+4.9pp |
| Employer contribution / active EE | $1,017 | $891+14.2% | $1,913-46.8% | $2,111-51.8% |
| Participant deferral / active EE | $2,254 | $1,683+34.0% | $2,862-21.3% | $3,350-32.7% |
| Admin fee / account holder | $211 | $185+14.1% | $4,726-95.5% | $521-59.6% |