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+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,971 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $63,657 | $54,320+17.2% | $67,652-5.9% | $52,331+21.6% |
| Participation rate | 89.0% | 73.6%+15.4pp | 75.7%+13.3pp | 68.1%+20.9pp |
| Annual return | 0.05% | 6.81%-6.8pp | 6625.04%-6625.0pp | 4.54%-4.5pp |
| Employer contribution / active EE | $530 | $1,544-65.7% | $2,266-76.6% | $1,882-71.8% |
| Participant deferral / active EE | $3,095 | $2,950+4.9% | $3,560-13.1% | $3,022+2.4% |
| Admin fee / account holder | $113 | $527-78.6% | $4,821-97.7% | $592-80.9% |