Filed April 3, 2011 (most recent of 2 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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $108,569 |
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $11,107 | $50,982-78.2% | $154,803-92.8% | $85,563-87.0% |
| Participation rate | 98.0% | 59.8%+38.2pp | 78.1%+20.0pp | 66.0%+32.1pp |
| Annual return | 5.84% | 30.35%-24.5pp | 58.88%-53.0pp | 31.51%-25.7pp |
| Employer contribution / active EE | $1,027 | $1,708-39.9% | $4,305-76.2% | $2,654-61.3% |
| Participant deferral / active EE | $0 | $2,474-100.0% | $5,540-100.0% | $4,375-100.0% |
| Admin fee / account holder | $69 | $846-91.9% | $14,329-99.5% | $834-91.8% |