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 | $50,861 |
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 | $51,735 | $106,028-51.2% | $146,958-64.8% | $77,643-33.4% |
| Participation rate | 80.3% | 78.4%+2.0pp | 82.2%-1.8pp | 70.6%+9.7pp |
| Annual return | 19.09% | 56.73%-37.6pp | 418.34%-399.2pp | 31.24%-12.1pp |
| Employer contribution / active EE | $2,724 | $4,063-33.0% | $4,933-44.8% | $2,726-0.1% |
| Participant deferral / active EE | $6,114 | $7,990-23.5% | $8,070-24.2% | $4,647+31.6% |
| Admin fee / account holder | $108 | $337-68.1% | $12,998-99.2% | $430-75.0% |