Filed January 24, 2023
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $18,628 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match 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 | $17,789 | $52,884-66.4% | $84,750-79.0% | $55,167-67.8% |
| Participation rate | 86.0% | 67.5%+18.5pp | 76.6%+9.4pp | 69.0%+17.0pp |
| Annual return | 7.85% | 18.03%-10.2pp | 22.78%-14.9pp | 169.23%-161.4pp |
| Employer contribution / active EE | $596 | $2,233-73.3% | $3,574-83.3% | $1,963-69.6% |
| Participant deferral / active EE | $3,081 | $2,644+16.5% | $3,712-17.0% | $3,054+0.9% |
| Admin fee / account holder | $47 | $581-91.9% | $5,332-99.1% | $504-90.6% |