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 | $50,982+3.1% | $154,803-66.0% | $85,563-38.6% |
| Participation rate | 25.5% | 59.8%-34.3pp | 78.1%-52.6pp | 66.0%-40.4pp |
| Annual return | 12.52% | 30.35%-17.8pp | 58.88%-46.4pp | 31.51%-19.0pp |
| Employer contribution / active EE | $411 | $1,708-76.0% | $4,305-90.5% | $2,654-84.5% |
| Participant deferral / active EE | $814 | $2,474-67.1% | $5,540-85.3% | $4,375-81.4% |
| Admin fee / account holder | $20 | $846-97.6% | $14,329-99.9% | $834-97.6% |