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.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $1,709 |
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 | $93,518 | $41,281+126.5% | $109,313-14.4% | $57,658+62.2% |
| Participation rate | 55.8% | 59.3%-3.6pp | 71.3%-15.5pp | 70.2%-14.4pp |
| Annual return | 6.43% | 8.97%-2.5pp | 22.07%-15.6pp | 5.13%+1.3pp |
| Employer contribution / active EE | $1,082 | $1,201-9.9% | $3,892-72.2% | $1,974-45.2% |
| Participant deferral / active EE | $4,199 | $2,223+88.9% | $3,166+32.6% | $3,061+37.2% |
| Admin fee / account holder | $6 | $75-91.7% | $5,666-99.9% | $95-93.4% |