Filed January 19, 2006
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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $938 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $79,457 | $47,078+68.8% | $100,671-21.1% | $55,191+44.0% |
| Participation rate | 57.5% | 58.0%-0.5pp | 70.7%-13.2pp | 69.2%-11.6pp |
| Annual return | 0.94% | 0.65%+0.3pp | 20.43%-19.5pp | 10.78%-9.8pp |
| Employer contribution / active EE | $992 | $1,065-6.9% | $4,012-75.3% | $1,899-47.8% |
| Participant deferral / active EE | $3,888 | $2,038+90.8% | $3,144+23.7% | $3,046+27.6% |
| Admin fee / account holder | $3 | $153-97.9% | $4,850-99.9% | $91-96.4% |