Filed August 14, 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 | $24,335 |
Plan reported corrective distributions (failed ADP/ACP testing).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $78,416 | $58,828+33.3% | $77,999+0.5% | $62,891+24.7% |
| Participation rate | 80.2% | 71.1%+9.2pp | 75.5%+4.7pp | 69.3%+10.9pp |
| Annual return | 7.67% | 17.16%-9.5pp | 425.96%-418.3pp | 20.14%-12.5pp |
| Employer contribution / active EE | $1,315 | $1,672-21.4% | $2,470-46.8% | $2,281-42.4% |
| Participant deferral / active EE | $3,611 | $2,686+34.5% | $3,497+3.3% | $3,203+12.7% |
| Admin fee / account holder | $231 | $4,393-94.7% | $5,480-95.8% | $4,296-94.6% |