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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $2,999 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
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 | $27,908 | $37,213-25.0% | $156,549-82.2% | $63,975-56.4% |
| Participation rate | 19.6% | 65.0%-45.4pp | 84.0%-64.4pp | 71.1%-51.5pp |
| Annual return | -0.24% | 47.89%-48.1pp | 32.23%-32.5pp | 48.65%-48.9pp |
| Employer contribution / active EE | $179 | $1,357-86.8% | $5,501-96.8% | $2,182-91.8% |
| Participant deferral / active EE | $332 | $2,070-84.0% | $4,871-93.2% | $3,356-90.1% |
| Admin fee / account holder | $10 | $56-81.8% | $13,027-99.9% | $70-85.5% |