Filed November 22, 2002
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.2+ years Filed as: ALERUS FINANCIAL Service code 27 · EIN 45-0140105 | Advisory (Plan) | $54,613 |
Service code 52 · EIN 04-1590850 | Indirect Investment Fees | $16,402 |
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $115,967 | $52,467+121.0% | $57,179+102.8% | $55,167+110.2% |
| Participation rate | 82.6% | 75.8%+6.7pp | 75.3%+7.2pp | 69.0%+13.6pp |
| Annual return | 8.71% | 7.72%+1.0pp | 14.59%-5.9pp | 169.23%-160.5pp |
| Employer contribution / active EE | $2,734 | $2,477+10.3% | $2,682+1.9% | $1,963+39.3% |
| Participant deferral / active EE | $5,319 | $2,830+87.9% | $3,096+71.8% | $3,054+74.2% |
| Admin fee / account holder | $105 | $269-61.0% | $3,139-96.7% | $504-79.1% |