Filed August 31, 2001
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 | $61,788 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $100,438 | $113,016-11.1% | $103,476-2.9% | $74,495+34.8% |
| Participation rate | 95.7% | 80.8%+14.9pp | 80.5%+15.2pp | 67.2%+28.5pp |
| Annual return | 15.48% | 23.24%-7.8pp | 23.90%-8.4pp | 1364.94%-1349.5pp |
| Employer contribution / active EE | $849 | $4,881-82.6% | $4,672-81.8% | $2,623-67.6% |
| Participant deferral / active EE | $6,915 | $7,279-5.0% | $6,623+4.4% | $4,346+59.1% |
| Admin fee / account holder | $355 | $1,709-79.2% | $9,413-96.2% | $1,942-81.7% |