Filed February 10, 2005
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 |
|---|---|---|
ORGEL WEALTH MANAGEMENT1 year Filed as: ORGEL WEALTH MANAGEMENT, LLC Service code 25 · EIN 46-2793932 | Directed Trustee | $27,435 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $8,729 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $54,826 | $85,713-36.0% | $86,677-36.7% | - |
| Participation rate | 88.9% | 72.2%+16.7pp | 76.6%+12.3pp | - |
| Annual return | -11.24% | -20.12%+8.9pp | 35.91%-47.1pp | - |
| Employer contribution / active EE | $1,888 | $1,789+5.5% | $2,836-33.4% | - |
| Participant deferral / active EE | $4,061 | $3,318+22.4% | $4,656-12.8% | - |
| Admin fee / account holder | $345 | $28,935-98.8% | $7,493-95.4% | - |