Filed March 27, 2003
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 15 · EIN 45-6062081 | Recordkeeping | $7,349 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $24,278 | $43,999-44.8% | $79,464-69.4% | $55,725-56.4% |
| Participation rate | 57.7% | 66.9%-9.3pp | 73.3%-15.7pp | 70.9%-13.2pp |
| Annual return | -4.57% | 1.81%-6.4pp | 718.14%-722.7pp | 244.93%-249.5pp |
| Employer contribution / active EE | $1,452 | $1,830-20.6% | $2,800-48.1% | $2,078-30.1% |
| Participant deferral / active EE | $829 | $2,538-67.4% | $3,704-77.6% | $3,356-75.3% |
| Admin fee / account holder | $15 | $118-87.0% | $5,113-99.7% | $115-86.7% |