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 Filed as: ALERUS REVENUE Service code 15 · EIN 45-6062081 | Recordkeeping | $6,538 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $21,795 | $80,753-73.0% | $136,294-84.0% | $62,292-65.0% |
| Participation rate | 60.9% | 73.5%-12.7pp | 81.9%-21.1pp | 69.5%-8.6pp |
| Annual return | 19.95% | 35.83%-15.9pp | 5155.94%-5136.0pp | 28.90%-8.9pp |
| Employer contribution / active EE | $1,570 | $2,884-45.6% | $4,695-66.6% | $2,042-23.1% |
| Participant deferral / active EE | $2,507 | $5,164-51.5% | $6,247-59.9% | $3,169-20.9% |
| Admin fee / account holder | $42 | $525-91.9% | $9,243-99.5% | $479-91.1% |