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.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $52,012 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,726 | $56,485+12.8% | $185,823-65.7% | $86,799-26.6% |
| Participation rate | 67.2% | 65.5%+1.8pp | 81.7%-14.5pp | 72.3%-5.0pp |
| Annual return | 16.14% | 118.04%-101.9pp | 122.05%-105.9pp | 97.91%-81.8pp |
| Employer contribution / active EE | $48 | $1,843-97.4% | $5,167-99.1% | $2,405-98.0% |
| Participant deferral / active EE | $3,340 | $2,553+30.8% | $5,568-40.0% | $4,131-19.1% |
| Admin fee / account holder | $151 | $150+0.8% | $16,237-99.1% | $170-11.1% |