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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $11,588 |
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 | $30,331 | $54,237-44.1% | $90,281-66.4% | $67,579-55.1% |
| Participation rate | 68.7% | 68.6%0pp | 73.3%-4.6pp | 71.3%-2.6pp |
| Annual return | 19.16% | 37.27%-18.1pp | 78.10%-58.9pp | 378.56%-359.4pp |
| Employer contribution / active EE | $1,557 | $1,846-15.7% | $2,854-45.5% | $2,148-27.5% |
| Participant deferral / active EE | $842 | $2,625-67.9% | $3,885-78.3% | $3,539-76.2% |
| Admin fee / account holder | $26 | $123-79.0% | $5,351-99.5% | $142-81.8% |