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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $4,008 |
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.
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 | $32,814 | $44,989-27.1% | $170,442-80.7% | $77,958-57.9% |
| Participation rate | 20.5% | 64.6%-44.1pp | 83.6%-63.1pp | 71.6%-51.2pp |
| Annual return | 16.73% | 19.61%-2.9pp | 205.93%-189.2pp | 20.87%-4.1pp |
| Employer contribution / active EE | $202 | $1,466-86.2% | $5,433-96.3% | $2,310-91.3% |
| Participant deferral / active EE | $386 | $2,208-82.5% | $4,939-92.2% | $3,537-89.1% |
| Admin fee / account holder | $14 | $69-79.6% | $13,880-99.9% | $97-85.6% |