Filed November 19, 2005
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 | $15,146 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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 | $55,651 | $46,732+19.1% | $156,549-64.5% | $55,167+0.9% |
| Participation rate | 41.0% | 65.8%-24.8pp | 84.0%-43.1pp | 69.0%-28.0pp |
| Annual return | 7.36% | 17.72%-10.4pp | 32.23%-24.9pp | 169.23%-161.9pp |
| Employer contribution / active EE | $616 | $2,105-70.7% | $5,501-88.8% | $1,963-68.6% |
| Participant deferral / active EE | $1,154 | $2,204-47.6% | $4,871-76.3% | $3,054-62.2% |
| Admin fee / account holder | $270 | $418-35.3% | $13,027-97.9% | $504-46.3% |