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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $37,763 |
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 | $77,689 | $54,193+43.4% | $93,606-17.0% | $77,643+0.1% |
| Participation rate | 55.7% | 63.9%-8.3pp | 68.7%-13.0pp | 70.6%-14.9pp |
| Annual return | 12.80% | 30.54%-17.7pp | 133.20%-120.4pp | 31.24%-18.4pp |
| Employer contribution / active EE | $135 | $1,168-88.5% | $2,420-94.4% | $2,726-95.1% |
| Participant deferral / active EE | $3,030 | $3,144-3.6% | $4,411-31.3% | $4,647-34.8% |
| Admin fee / account holder | $155 | $576-73.1% | $8,285-98.1% | $430-64.1% |