Filed December 11, 2014
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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $5,562 |
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 | $52,568 | $46,464+13.1% | $150,298-65.0% | $79,634-34.0% |
| Participation rate | 25.5% | 57.0%-31.4pp | 77.8%-52.2pp | 62.5%-37.0pp |
| Annual return | 12.52% | 27.89%-15.4pp | 62.79%-50.3pp | 36.46%-23.9pp |
| Employer contribution / active EE | $411 | $1,512-72.8% | $4,154-90.1% | $2,529-83.8% |
| Participant deferral / active EE | $814 | $2,157-62.3% | $5,453-85.1% | $3,835-78.8% |
| Admin fee / account holder | $20 | $891-97.7% | $14,116-99.9% | $1,002-98.0% |