Filed September 11, 2012
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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $45,603 |
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 | $30,615 | $44,989-31.9% | $170,442-82.0% | $77,958-60.7% |
| Participation rate | 22.3% | 64.6%-42.3pp | 83.6%-61.3pp | 71.6%-49.4pp |
| Annual return | 17.62% | 19.61%-2.0pp | 205.93%-188.3pp | 20.87%-3.3pp |
| Employer contribution / active EE | $170 | $1,466-88.4% | $5,433-96.9% | $2,310-92.6% |
| Participant deferral / active EE | $623 | $2,208-71.8% | $4,939-87.4% | $3,537-82.4% |
| Admin fee / account holder | $98 | $69+42.8% | $13,880-99.3% | $97+1.1% |