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.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $95,054 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $216,066 | $41,078+426.0% | $80,569+168.2% | $71,457+202.4% |
| Participation rate | 98.0% | 50.2%+47.8pp | 67.0%+31.0pp | 67.9%+30.1pp |
| Annual return | -2.67% | 38.45%-41.1pp | 935.43%-938.1pp | 28.85%-31.5pp |
| Employer contribution / active EE | $13,564 | $1,506+800.9% | $2,723+398.0% | $2,588+424.2% |
| Participant deferral / active EE | $9,719 | $2,699+260.1% | $4,447+118.5% | $4,289+126.6% |
| Admin fee / account holder | $647 | $1,840-64.9% | $5,377-88.0% | $1,587-59.3% |