Filed April 18, 2014 (most recent of 3 filings on file)
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.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $113,957 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $19,307 | $56,095-65.6% | $178,490-89.2% | $90,288-78.6% |
| Participation rate | 49.3% | 65.6%-16.3pp | 81.9%-32.6pp | 73.4%-24.1pp |
| Annual return | 7.76% | 28.81%-21.1pp | 151.07%-143.3pp | 53.97%-46.2pp |
| Employer contribution / active EE | $539 | $1,572-65.7% | $5,011-89.2% | $2,524-78.6% |
| Participant deferral / active EE | $706 | $2,669-73.6% | $5,202-86.4% | $4,232-83.3% |
| Admin fee / account holder | $114 | $101+13.6% | $13,984-99.2% | $114+0.2% |