Filed April 4, 2011
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 | $49,079 |
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 | $56,236 | $52,293+7.5% | $178,490-68.5% | $73,409-23.4% |
| Participation rate | 63.5% | 65.3%-1.9pp | 81.9%-18.5pp | 72.2%-8.7pp |
| Annual return | 18.95% | 34.75%-15.8pp | 151.07%-132.1pp | 59.29%-40.3pp |
| Employer contribution / active EE | $0 | $1,735-100.0% | $5,011-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $2,929 | $2,332+25.6% | $5,202-43.7% | $3,805-23.0% |
| Admin fee / account holder | $144 | $127+12.7% | $13,984-99.0% | $158-9.1% |