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 Service code 15 · EIN 45-6062081 | Recordkeeping | $22,464 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $42,262 | $69,362-39.1% | $101,248-58.3% | $73,488-42.5% |
| Participation rate | 48.1% | 68.4%-20.3pp | 75.8%-27.7pp | 70.7%-22.6pp |
| Annual return | 19.17% | 18.46%+0.7pp | 46.47%-27.3pp | 28.51%-9.3pp |
| Employer contribution / active EE | $1,404 | $2,628-46.6% | $3,660-61.6% | $2,270-38.1% |
| Participant deferral / active EE | $2,026 | $3,300-38.6% | $4,370-53.6% | $3,740-45.8% |
| Admin fee / account holder | $244 | $704-65.3% | $5,945-95.9% | $513-52.4% |