Filed August 29, 2016 (most recent of 2 filings on file)
Total covered: 30 employees
See peer percentile detail with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $4,182 |
Annual investment return is in the bottom quintile of the peer cohort.
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 | $141,893 | $89,652+58.3% | $141,162+0.5% | $65,185+117.7% |
| Participation rate | 95.7% | 74.7%+20.9pp | 82.5%+13.2pp | 70.2%+25.5pp |
| Annual return | -2.40% | 32.79%-35.2pp | 71.39%-73.8pp | 29.38%-31.8pp |
| Employer contribution / active EE | $3,784 | $3,065+23.5% | $4,735-20.1% | $2,177+73.8% |
| Participant deferral / active EE | $10,159 | $5,691+78.5% | $6,709+51.4% | $3,514+189.1% |
| Admin fee / account holder | $31 | $569-94.6% | $10,261-99.7% | $847-96.4% |