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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $2,228 |
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 | $97,393 | $39,898+144.1% | $121,196-19.6% | $55,725+74.8% |
| Participation rate | 57.4% | 61.2%-3.8pp | 71.7%-14.3pp | 70.9%-13.4pp |
| Annual return | -5.49% | -0.96%-4.5pp | 16.93%-22.4pp | 244.93%-250.4pp |
| Employer contribution / active EE | $1,107 | $1,295-14.6% | $4,022-72.5% | $2,078-46.7% |
| Participant deferral / active EE | $4,449 | $2,439+82.4% | $3,344+33.0% | $3,356+32.6% |
| Admin fee / account holder | $7 | $95-92.4% | $5,019-99.9% | $115-93.8% |