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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $53,376 |
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 | $30,241 | $45,382-33.4% | $154,107-80.4% | $75,289-59.8% |
| Participation rate | 26.6% | 65.9%-39.3pp | 83.0%-56.4pp | 72.4%-45.8pp |
| Annual return | -4.42% | -0.47%-4.0pp | 735.12%-739.5pp | -0.04%-4.4pp |
| Employer contribution / active EE | $328 | $1,533-78.6% | $5,298-93.8% | $2,405-86.3% |
| Participant deferral / active EE | $824 | $2,384-65.4% | $5,081-83.8% | $3,739-78.0% |
| Admin fee / account holder | $113 | $89+26.1% | $13,411-99.2% | $102+10.1% |