Filed October 23, 2015
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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $128,729 |
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $110,853 | $62,928+76.2% | $172,739-35.8% | $67,579+64.0% |
| Participation rate | 100.0% | 64.5%+35.5pp | 82.6%+17.4pp | 71.3%+28.7pp |
| Annual return | 24.06% | 30.36%-6.3pp | 802.84%-778.8pp | 378.56%-354.5pp |
| Employer contribution / active EE | $8,448 | $1,636+416.4% | $5,143+64.3% | $2,148+293.3% |
| Participant deferral / active EE | $5,114 | $2,145+138.4% | $5,198-1.6% | $3,539+44.5% |
| Admin fee / account holder | $235 | $167+41.0% | $13,954-98.3% | $142+65.1% |