Filed December 16, 1998
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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $88,656 |
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 | $184,218 | $43,133+327.1% | $89,391+106.1% | $73,488+150.7% |
| Participation rate | 100.0% | 55.0%+45.0pp | 68.0%+32.0pp | 70.7%+29.3pp |
| Annual return | 18.93% | 135.66%-116.7pp | 245.62%-226.7pp | 28.51%-9.6pp |
| Employer contribution / active EE | $6,760 | $1,438+370.1% | $2,586+161.4% | $2,270+197.8% |
| Participant deferral / active EE | $7,729 | $2,445+216.2% | $3,890+98.7% | $3,740+106.7% |
| Admin fee / account holder | $480 | $444+8.1% | $4,881-90.2% | $513-6.5% |