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 | $298,581 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,092 | $77,787-29.2% | $61,048-9.8% | $77,787-29.2% |
| Participation rate | 59.9% | 73.2%-13.3pp | 79.3%-19.4pp | 73.2%-13.3pp |
| Annual return | 19.81% | 32.57%-12.8pp | 26.18%-6.4pp | 32.57%-12.8pp |
| Employer contribution / active EE | $998 | $2,504-60.1% | $3,716-73.1% | $2,504-60.1% |
| Participant deferral / active EE | $2,946 | $3,967-25.7% | $4,470-34.1% | $3,967-25.7% |
| Admin fee / account holder | $257 | $100+157.0% | $3,728-93.1% | $100+157.0% |