Filed December 20, 2011
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 5-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 | $21,325 |
WINTHROP & WEINSTEIN, P.A.1 year Filed as: WINTHROP & WEINSTINE PA Service code 29 · EIN 41-1722524 | Legal | $17,189 |
BLUM SHAPIRO1 year Filed as: CLIFTONALLENLARSON, LLP Service code 10 · EIN 41-0746749 | Accounting | $6,200 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $47,024 | $59,186-20.5% | $76,768-38.7% | $56,287-16.5% |
| Participation rate | 79.1% | 75.2%+3.9pp | 77.0%+2.1pp | 69.9%+9.3pp |
| Annual return | 57.04% | 6.62%+50.4pp | 2.43%+54.6pp | -9.96%+67.0pp |
| Employer contribution / active EE | $0 | $1,759-100.0% | $2,485-100.0% | $2,111-100.0% |
| Participant deferral / active EE | $0 | $3,255-100.0% | $3,852-100.0% | $3,350-100.0% |
| Admin fee / account holder | $300 | $489-38.6% | $6,675-95.5% | $521-42.4% |