Filed August 6, 2009
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
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.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,089 |
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.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,397 | $57,541+50.1% | $95,745-9.8% | $75,163+14.9% |
| Participation rate | 75.4% | 62.5%+12.9pp | 72.3%+3.2pp | 67.2%+8.2pp |
| Annual return | -42.92% | 34.93%-77.9pp | 28.35%-71.3pp | 160.62%-203.5pp |
| Employer contribution / active EE | $17,836 | $1,808+886.7% | $2,835+529.2% | $2,670+568.1% |
| Participant deferral / active EE | $21,220 | $3,074+590.3% | $4,245+399.9% | $4,125+414.4% |
| Admin fee / account holder | $536 | $4,099-86.9% | $5,678-90.6% | $5,651-90.5% |