Filed March 1, 2011
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.4 years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,084 |
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 signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $17,107 | $55,415-69.1% | $155,509-89.0% | $74,495-77.0% |
| Participation rate | 67.9% | 61.9%+6.0pp | 78.2%-10.3pp | 67.2%+0.7pp |
| Annual return | 10.82% | 268.50%-257.7pp | 64.67%-53.8pp | 1364.94%-1354.1pp |
| Employer contribution / active EE | $1,902 | $2,267-16.1% | $4,672-59.3% | $2,623-27.5% |
| Participant deferral / active EE | $860 | $2,836-69.7% | $5,626-84.7% | $4,346-80.2% |
| Admin fee / account holder | $71 | $1,738-95.9% | $15,912-99.6% | $1,942-96.4% |