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.6+ years Service code 50 · EIN 45-6062081 | Direct Payment | $242,317 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $202,626 | $91,517+121.4% | $101,248+100.1% | $73,409+176.0% |
| Participation rate | 97.8% | 73.8%+24.0pp | 75.8%+22.0pp | 72.2%+25.6pp |
| Annual return | 13.11% | 17.17%-4.1pp | 46.47%-33.4pp | 59.29%-46.2pp |
| Employer contribution / active EE | $9,818 | $2,877+241.3% | $3,660+168.3% | $2,234+339.6% |
| Participant deferral / active EE | $8,250 | $3,338+147.1% | $4,370+88.8% | $3,805+116.8% |
| Admin fee / account holder | $529 | $216+145.1% | $5,945-91.1% | $158+235.1% |