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.4 years Filed as: ALERUS Service code 15 · EIN 45-0140105 2300 S COLUMBIA ROAD · GRAND FORKS, ND 58211 | Recordkeeping | $36,249 |
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $51,641 | $65,561-21.2% | $91,541-43.6% | $74,304-30.5% |
| Participation rate | 99.3% | 56.6%+42.7pp | 69.8%+29.5pp | 60.3%+38.9pp |
| Annual return | 9.48% | 17.68%-8.2pp | 20.50%-11.0pp | 29.43%-20.0pp |
| Employer contribution / active EE | $2,132 | $1,717+24.1% | $2,505-14.9% | $2,241-4.9% |
| Participant deferral / active EE | $4,770 | $2,918+63.5% | $4,008+19.0% | $3,767+26.6% |
| Admin fee / account holder | $217 | $3,333-93.5% | $6,956-96.9% | $2,969-92.7% |