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.4+ years Service code 50 · EIN 45-6062081 | Direct Payment | $202,305 |
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 | $157,476 | $56,443+179.0% | $83,848+87.8% | $55,725+182.6% |
| Participation rate | 98.5% | 72.0%+26.4pp | 76.1%+22.3pp | 70.9%+27.6pp |
| Annual return | 21.69% | 393.67%-372.0pp | 850.88%-829.2pp | 244.93%-223.2pp |
| Employer contribution / active EE | $9,002 | $2,682+235.7% | $3,631+147.9% | $2,078+333.2% |
| Participant deferral / active EE | $7,429 | $2,965+150.6% | $4,082+82.0% | $3,356+121.4% |
| Admin fee / account holder | $447 | $156+185.9% | $5,478-91.8% | $115+287.7% |