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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $24,331 |
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $116,768 | $100,923+15.7% | $150,045-22.2% | $74,304+57.1% |
| Participation rate | 95.3% | 70.1%+25.2pp | 82.3%+13.0pp | 60.3%+34.9pp |
| Annual return | 6.28% | 51.77%-45.5pp | 62.55%-56.3pp | 29.43%-23.2pp |
| Employer contribution / active EE | $5,535 | $3,463+59.8% | $4,693+17.9% | $2,241+147.0% |
| Participant deferral / active EE | $3,241 | $6,709-51.7% | $7,997-59.5% | $3,767-14.0% |
| Admin fee / account holder | $179 | $2,767-93.5% | $13,435-98.7% | $2,969-94.0% |