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 | $47,107 |
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.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $79,633 | $59,417+34.0% | $93,606-14.9% | $74,495+6.9% |
| Participation rate | 56.7% | 59.7%-2.9pp | 68.7%-12.0pp | 67.2%-10.5pp |
| Annual return | 17.14% | 81.83%-64.7pp | 133.20%-116.1pp | 1364.94%-1347.8pp |
| Employer contribution / active EE | $1,315 | $1,264+4.1% | $2,420-45.7% | $2,623-49.9% |
| Participant deferral / active EE | $2,004 | $3,050-34.3% | $4,411-54.6% | $4,346-53.9% |
| Admin fee / account holder | $332 | $3,021-89.0% | $8,285-96.0% | $1,942-82.9% |