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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $5,109 |
Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009 | Securities Custodian | $0 |
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.)
Annual investment return 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 | $47,300 | $59,328-20.3% | $118,925-60.2% | $73,488-35.6% |
| Participation rate | 36.3% | 62.3%-26.0pp | 75.4%-39.1pp | 70.7%-34.4pp |
| Annual return | 4.26% | 19.13%-14.9pp | 35.88%-31.6pp | 28.51%-24.3pp |
| Employer contribution / active EE | $780 | $1,803-56.8% | $3,263-76.1% | $2,270-65.7% |
| Participant deferral / active EE | $1,342 | $2,604-48.5% | $4,265-68.5% | $3,740-64.1% |
| Admin fee / account holder | $436 | $600-27.3% | $6,581-93.4% | $513-15.0% |