Filed November 16, 2004
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 with Solo.
Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
See the 10-year trajectory with Solo.
Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.6+ years Service code 21 · EIN 45-0140105 | Bank Trustee | $47,328 |
SAGE ADVISORY SERVICES4 years Filed as: SAGE POINT FINANCIAL INC. Service code 33 2800 N. CENTRAL AVENUE · PHOENIX, AZ 85004 | Direct payment from the plan; Securit... | $36,868 |
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 33 444 CEDAR STREET · ST. PAUL, MN 55101 | Securities brokerage; Direct payment ... | $33,019 |
Service code 33 10800 LYNDALE AVE S · MINNEAPOLIS, MN 55420 | Securities brokerage; Direct payment ... | $19,673 |
PARR MCKNIGHT WEALTH MANGEMENT GROU3 years Service code 33 333 S 7TH STREET · MINNEAPOLIS, MN 55402 | Direct payment from the plan; Securit... | $18,947 |
ACCREDITED INVESTORS INC.3 years Filed as: ACCREDITED INVESTORS WEALTH MGMT Service code 33 520 WEST 73RD STREET · EDINA, MN 55439 | Securities brokerage; Direct payment ... | $13,809 |
Service code 33 · EIN 35-2552359 | Direct payment from the plan; Securit... | $11,983 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $168,564 | $58,879+186.3% | $178,490-5.6% | $73,488+129.4% |
| Participation rate | 100.0% | 66.2%+33.8pp | 81.9%+18.1pp | 70.7%+29.3pp |
| Annual return | 16.37% | 24.86%-8.5pp | 151.07%-134.7pp | 28.51%-12.1pp |
| Employer contribution / active EE | $9,138 | $2,236+308.6% | $5,011+82.4% | $2,270+302.5% |
| Participant deferral / active EE | $6,017 | $2,567+134.4% | $5,202+15.7% | $3,740+60.9% |
| Admin fee / account holder | $608 | $400+51.9% | $13,984-95.7% | $513+18.5% |