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.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $53,992 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $129,591 | $84,936+52.6% | $111,297+16.4% | $79,386+63.2% |
| Participation rate | 49.6% | 75.9%-26.3pp | 77.3%-27.7pp | 70.7%-21.1pp |
| Annual return | 16.13% | 17.45%-1.3pp | 54.65%-38.5pp | 116.85%-100.7pp |
| Employer contribution / active EE | $930 | $1,979-53.0% | $2,731-65.9% | $2,427-61.7% |
| Participant deferral / active EE | $2,530 | $3,888-34.9% | $4,487-43.6% | $4,046-37.5% |
| Admin fee / account holder | $593 | $537+10.5% | $7,964-92.5% | $626-5.3% |