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.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $54,079 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $43,272 | $56,095-22.9% | $178,490-75.8% | $90,288-52.1% |
| Participation rate | 28.1% | 65.6%-37.4pp | 81.9%-53.8pp | 73.4%-45.2pp |
| Annual return | 16.81% | 28.81%-12.0pp | 151.07%-134.3pp | 53.97%-37.2pp |
| Employer contribution / active EE | $369 | $1,572-76.5% | $5,011-92.6% | $2,524-85.4% |
| Participant deferral / active EE | $994 | $2,669-62.8% | $5,202-80.9% | $4,232-76.5% |
| Admin fee / account holder | $114 | $101+13.5% | $13,984-99.2% | $114+0.1% |