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.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $7,964 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $20,807 | $49,451-57.9% | $79,550-73.8% | $66,914-68.9% |
| Participation rate | 35.0% | 61.3%-26.3pp | 69.5%-34.4pp | 69.8%-34.8pp |
| Annual return | -17.48% | 84.25%-101.7pp | 0.16%-17.6pp | 1.58%-19.1pp |
| Employer contribution / active EE | $519 | $1,266-59.0% | $2,413-78.5% | $2,544-79.6% |
| Participant deferral / active EE | $954 | $3,159-69.8% | $3,985-76.1% | $4,237-77.5% |
| Admin fee / account holder | $103 | $595-82.6% | $6,832-98.5% | $593-82.6% |