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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $16,598 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $67,375 | $55,453+21.5% | $170,442-60.5% | $62,292+8.2% |
| Participation rate | 45.1% | 66.4%-21.3pp | 83.6%-38.5pp | 69.5%-24.4pp |
| Annual return | 14.72% | 21.38%-6.7pp | 205.93%-191.2pp | 28.90%-14.2pp |
| Employer contribution / active EE | $624 | $2,164-71.2% | $5,433-88.5% | $2,042-69.4% |
| Participant deferral / active EE | $1,252 | $2,303-45.6% | $4,939-74.7% | $3,169-60.5% |
| Admin fee / account holder | $302 | $455-33.7% | $13,880-97.8% | $479-37.0% |