Filed January 3, 2022 (most recent of 3 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 50 · EIN 45-6062081 | Direct Payment | $122,292 |
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 | $137,147 | $60,545+126.5% | $92,233+48.7% | $69,631+97.0% |
| Participation rate | 98.0% | 72.2%+25.9pp | 76.5%+21.6pp | 70.7%+27.4pp |
| Annual return | 19.04% | 19.71%-0.7pp | 176.28%-157.2pp | 27571.02%-27552.0pp |
| Employer contribution / active EE | $6,768 | $2,633+157.0% | $3,679+83.9% | $2,032+233.1% |
| Participant deferral / active EE | $6,911 | $2,828+144.4% | $3,897+77.4% | $3,224+114.4% |
| Admin fee / account holder | $303 | $145+109.1% | $5,194-94.2% | $110+174.1% |