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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.
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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 FINANCIAL N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $179,107 |
Filed as: GLOBAL RETIREMENT PARTNERS Service code 26 · EIN 47-1411118 | Advisory (Participants) | $8,964 |
Service code 37 · EIN 35-0145825 | Loan Processing | $225 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return 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 | $80,796 | $84,487-4.4% | $125,339-35.5% | $66,914+20.7% |
| Participation rate | 92.1% | 76.4%+15.7pp | 82.4%+9.7pp | 69.8%+22.3pp |
| Annual return | -22.78% | -8.39%-14.4pp | 572.05%-594.8pp | 1.58%-24.4pp |
| Employer contribution / active EE | $4,162 | $3,553+17.1% | $4,814-13.5% | $2,544+63.6% |
| Participant deferral / active EE | $5,484 | $6,781-19.1% | $7,446-26.4% | $4,237+29.4% |
| Admin fee / account holder | $843 | $685+23.1% | $10,010-91.6% | $593+42.2% |