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 7-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 | $9,642 |
Participant contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $117,662 | $101,317+16.1% | $146,958-19.9% | $74,495+57.9% |
| Participation rate | 88.3% | 75.5%+12.8pp | 82.2%+6.1pp | 67.2%+21.1pp |
| Annual return | 18.19% | 8730.91%-8712.7pp | 418.34%-400.1pp | 1364.94%-1346.8pp |
| Employer contribution / active EE | $5,246 | $3,810+37.7% | $4,933+6.4% | $2,623+100.0% |
| Participant deferral / active EE | $3,019 | $7,303-58.7% | $8,070-62.6% | $4,346-30.5% |
| Admin fee / account holder | $76 | $1,739-95.6% | $12,998-99.4% | $1,942-96.1% |