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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $31,308 |
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 | $65,772 | $88,122-25.4% | $141,162-53.4% | $67,579-2.7% |
| Participation rate | 86.4% | 76.5%+10.0pp | 82.5%+4.0pp | 71.3%+15.2pp |
| Annual return | 22.00% | 75.40%-53.4pp | 71.39%-49.4pp | 378.56%-356.6pp |
| Employer contribution / active EE | $4,300 | $3,224+33.3% | $4,735-9.2% | $2,148+100.2% |
| Participant deferral / active EE | $3,890 | $5,958-34.7% | $6,709-42.0% | $3,539+9.9% |
| Admin fee / account holder | $25 | $131-80.8% | $10,261-99.8% | $142-82.3% |