Filed June 1, 2022 (most recent of 4 filings on file)
Total covered: 10 employees
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 10-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $30,132 |
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 | $61,686 | $155,795-60.4% | $136,294-54.7% | $69,631-11.4% |
| Participation rate | 84.0% | 75.2%+8.7pp | 81.9%+2.0pp | 70.7%+13.3pp |
| Annual return | 18.96% | 232464.33%-232445.4pp | 5155.94%-5137.0pp | 27571.02%-27552.1pp |
| Employer contribution / active EE | $4,092 | $2,991+36.8% | $4,695-12.9% | $2,032+101.3% |
| Participant deferral / active EE | $3,540 | $5,394-34.4% | $6,247-43.3% | $3,224+9.8% |
| Admin fee / account holder | $28 | $128-78.0% | $9,243-99.7% | $110-74.5% |