Filed October 18, 2004
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.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $18,743 |
ASSOCIATED TRUST COMPANY, N.A.8+ years Service code 15 · EIN 30-0219031 | Recordkeeping | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $60,864 | $30,086+102.3% | $61,373-0.8% | $64,808-6.1% |
| Participation rate | 15.5% | 36.4%-20.8pp | 52.6%-37.0pp | 71.5%-55.9pp |
| Annual return | -14.37% | -13.99%-0.4pp | 338.61%-353.0pp | 32.82%-47.2pp |
| Employer contribution / active EE | $233 | $536-56.5% | $1,159-79.9% | $2,506-90.7% |
| Participant deferral / active EE | $632 | $1,126-43.9% | $2,125-70.3% | $4,310-85.3% |
| Admin fee / account holder | $293 | $148+97.7% | $2,130-86.2% | $188+55.9% |