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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $37,507 |
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.
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $52,173 | $64,286-18.8% | $90,951-42.6% | $73,409-28.9% |
| Participation rate | 57.8% | 63.6%-5.7pp | 69.0%-11.2pp | 72.2%-14.3pp |
| Annual return | 13.57% | 21.45%-7.9pp | 134.60%-121.0pp | 59.29%-45.7pp |
| Employer contribution / active EE | $133 | $895-85.1% | $2,122-93.7% | $2,234-94.0% |
| Participant deferral / active EE | $2,182 | $2,453-11.0% | $3,373-35.3% | $3,805-42.7% |
| Admin fee / account holder | $120 | $287-58.1% | $5,959-98.0% | $158-23.9% |