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.9 years Service code 15 · EIN 48-1205033 | Recordkeeping | $10,585 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $39,365 | $53,053-25.8% | $126,539-68.9% | $74,304-47.0% |
| Participation rate | 64.7% | 48.0%+16.7pp | 69.8%-5.1pp | 60.3%+4.4pp |
| Annual return | 13.96% | 29.46%-15.5pp | 425.95%-412.0pp | 29.43%-15.5pp |
| Employer contribution / active EE | $569 | $1,168-51.3% | $3,674-84.5% | $2,241-74.6% |
| Participant deferral / active EE | $1,717 | $2,303-25.5% | $4,083-57.9% | $3,767-54.4% |
| Admin fee / account holder | $77 | $3,698-97.9% | $6,065-98.7% | $2,969-97.4% |