Filed December 19, 2019
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 |
|---|---|---|
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786 | Loan Processing | $34,256 |
ALERUS FINANCIAL, N.A.2 years Filed as: ALERUS RETIREMENT SOLUTION Service code 27 · EIN 45-0140105 | Advisory (Plan) | $25,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $82,128 | $54,193+51.5% | $93,654-12.3% | $77,671+5.7% |
| Participation rate | 39.0% | 63.9%-24.9pp | 68.7%-29.7pp | 70.6%-31.5pp |
| Annual return | 15.62% | 30.54%-14.9pp | 133.34%-117.7pp | 31.21%-15.6pp |
| Employer contribution / active EE | $793 | $1,168-32.1% | $2,421-67.2% | $2,726-70.9% |
| Participant deferral / active EE | $2,133 | $3,144-32.1% | $4,413-51.7% | $4,648-54.1% |
| Admin fee / account holder | $159 | $576-72.3% | $8,282-98.1% | $430-63.0% |