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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.
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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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $315,629 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant 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 | $37,580 | $241,101-84.4% | $103,333-63.6% | $199,593-81.2% |
| Participation rate | 51.8% | 78.3%-26.5pp | 74.5%-22.7pp | 72.0%-20.2pp |
| Annual return | 15.74% | 17.80%-2.1pp | 24.88%-9.1pp | 34.25%-18.5pp |
| Employer contribution / active EE | $410 | $4,244-90.3% | $3,868-89.4% | $3,034-86.5% |
| Participant deferral / active EE | $1,702 | $3,958-57.0% | $5,057-66.4% | $5,087-66.5% |
| Admin fee / account holder | $90 | $288-68.7% | $8,355-98.9% | $269-66.5% |