Filed May 5, 2020 (most recent of 3 filings on file)
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
Filed as: MORGAN STANLEY Service code 26 1300 THAMES STREET WHARF, 4TH FLOOR · BALTIMORE, MD 212319907 | Advisory (Participants) | $34,333 |
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $29,176 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $141,050 | $65,376+115.8% | $87,102+61.9% | $65,185+116.4% |
| Participation rate | 84.0% | 75.3%+8.7pp | 76.9%+7.2pp | 70.2%+13.8pp |
| Annual return | 23.42% | 31.27%-7.9pp | 28.19%-4.8pp | 29.38%-6.0pp |
| Employer contribution / active EE | $1,218 | $1,822-33.2% | $2,521-51.7% | $2,177-44.0% |
| Participant deferral / active EE | $3,740 | $3,388+10.4% | $4,048-7.6% | $3,514+6.4% |
| Admin fee / account holder | $441 | $520-15.1% | $7,491-94.1% | $847-47.9% |