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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,285 |
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.
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 | $64,811 | $99,957-35.2% | $149,696-56.7% | $73,488-11.8% |
| Participation rate | 81.6% | 75.7%+5.9pp | 82.5%-0.9pp | 70.7%+10.9pp |
| Annual return | 17.23% | 53.87%-36.6pp | 276.60%-259.4pp | 28.51%-11.3pp |
| Employer contribution / active EE | $1,643 | $3,191-48.5% | $4,644-64.6% | $2,270-27.6% |
| Participant deferral / active EE | $8,435 | $6,073+38.9% | $6,842+23.3% | $3,740+125.6% |
| Admin fee / account holder | $144 | $551-73.9% | $9,309-98.5% | $513-72.0% |