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.11+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $45,307 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,865 | $87,870-27.3% | $113,168-43.6% | $74,304-14.0% |
| Participation rate | 74.5% | 70.7%+3.7pp | 76.6%-2.1pp | 60.3%+14.1pp |
| Annual return | 14.00% | 26.44%-12.4pp | 24.27%-10.3pp | 29.43%-15.4pp |
| Employer contribution / active EE | $1,820 | $2,277-20.1% | $2,975-38.8% | $2,241-18.8% |
| Participant deferral / active EE | $3,333 | $4,241-21.4% | $5,107-34.7% | $3,767-11.5% |
| Admin fee / account holder | $343 | $3,368-89.8% | $12,068-97.2% | $2,969-88.4% |