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.6 years Service code 15 · EIN 45-6062081 | Recordkeeping | $96,072 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $599,819 | $55,415+982.4% | $155,509+285.7% | $74,495+705.2% |
| Participation rate | 71.1% | 61.9%+9.2pp | 78.2%-7.1pp | 67.2%+3.9pp |
| Annual return | 19.65% | 268.50%-248.8pp | 64.67%-45.0pp | 1364.94%-1345.3pp |
| Employer contribution / active EE | $911 | $2,267-59.8% | $4,672-80.5% | $2,623-65.3% |
| Participant deferral / active EE | $6,669 | $2,836+135.2% | $5,626+18.5% | $4,346+53.5% |
| Admin fee / account holder | $375 | $1,738-78.4% | $15,912-97.6% | $1,942-80.7% |