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.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $38,962 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,503 | $54,701+16.1% | $86,188-26.3% | $71,457-11.1% |
| Participation rate | 66.2% | 60.1%+6.1pp | 69.0%-2.7pp | 67.9%-1.7pp |
| Annual return | 17.53% | 20.06%-2.5pp | 1168.45%-1150.9pp | 28.85%-11.3pp |
| Employer contribution / active EE | $1,443 | $1,265+14.1% | $2,380-39.4% | $2,588-44.2% |
| Participant deferral / active EE | $2,436 | $3,108-21.6% | $3,985-38.9% | $4,289-43.2% |
| Admin fee / account holder | $258 | $1,922-86.6% | $6,852-96.2% | $1,587-83.7% |