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 | $47,475 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $91,670 | $66,098+38.7% | $101,794-9.9% | $74,304+23.4% |
| Participation rate | 97.0% | 53.8%+43.2pp | 69.2%+27.8pp | 60.3%+36.7pp |
| Annual return | 4.92% | 19.59%-14.7pp | 30.53%-25.6pp | 29.43%-24.5pp |
| Employer contribution / active EE | $2,130 | $1,082+96.9% | $2,289-6.9% | $2,241-5.0% |
| Participant deferral / active EE | $3,131 | $2,781+12.6% | $4,084-23.3% | $3,767-16.9% |
| Admin fee / account holder | $386 | $4,146-90.7% | $8,777-95.6% | $2,969-87.0% |