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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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $36,072 |
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 | $55,215 | $42,353+30.4% | $79,550-30.6% | $64,808-14.8% |
| Participation rate | 56.5% | 64.8%-8.3pp | 69.5%-13.0pp | 71.5%-15.0pp |
| Annual return | -13.67% | -12.24%-1.4pp | 0.16%-13.8pp | 32.82%-46.5pp |
| Employer contribution / active EE | $133 | $1,181-88.7% | $2,413-94.5% | $2,506-94.7% |
| Participant deferral / active EE | $2,966 | $3,170-6.5% | $3,985-25.6% | $4,310-31.2% |
| Admin fee / account holder | $131 | $160-18.0% | $6,832-98.1% | $188-30.3% |