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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $85,265 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $37,187 | $45,000-17.4% | $143,757-74.1% | $77,904-52.3% |
| Participation rate | 34.1% | 66.8%-32.7pp | 80.3%-46.2pp | 73.7%-39.6pp |
| Annual return | -18.41% | 29.03%-47.4pp | -0.04%-18.4pp | 12.21%-30.6pp |
| Employer contribution / active EE | $584 | $1,870-68.8% | $4,951-88.2% | $2,848-79.5% |
| Participant deferral / active EE | $1,375 | $3,157-56.4% | $5,637-75.6% | $4,806-71.4% |
| Admin fee / account holder | $175 | $98+78.0% | $14,673-98.8% | $133+32.2% |