Filed March 3, 2025
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS Service code 15 · EIN 45-0140105 2300 S COLUMBIA ROAD · GRAND FORKS, ND 58211 | Recordkeeping | $36,403 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $40,595 | $56,423-28.1% | $77,163-47.4% | $71,457-43.2% |
| Participation rate | 97.3% | 64.3%+33.0pp | 69.6%+27.7pp | 67.9%+29.4pp |
| Annual return | 8.79% | 19.05%-10.3pp | 37.87%-29.1pp | 28.85%-20.1pp |
| Employer contribution / active EE | $1,731 | $1,866-7.3% | $2,535-31.7% | $2,588-33.1% |
| Participant deferral / active EE | $3,837 | $3,142+22.1% | $3,833+0.1% | $4,289-10.5% |
| Admin fee / account holder | $201 | $1,429-85.9% | $5,472-96.3% | $1,587-87.3% |