Filed July 4, 2010 (most recent of 2 filings on file)
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 | $88,050 |
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).
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $693,863 | $58,879+1078.4% | $178,490+288.7% | $73,488+844.2% |
| Participation rate | 79.7% | 66.2%+13.5pp | 81.9%-2.2pp | 70.7%+9.1pp |
| Annual return | 19.72% | 24.86%-5.1pp | 151.07%-131.3pp | 28.51%-8.8pp |
| Employer contribution / active EE | $1,003 | $2,236-55.1% | $5,011-80.0% | $2,270-55.8% |
| Participant deferral / active EE | $6,804 | $2,567+165.0% | $5,202+30.8% | $3,740+81.9% |
| Admin fee / account holder | $332 | $400-17.0% | $13,984-97.6% | $513-35.2% |