Filed November 3, 2013
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.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,272 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $352,365 | $98,463+257.9% | $119,258+195.5% | $85,850+310.4% |
| Participation rate | 97.8% | 77.6%+20.2pp | 82.7%+15.1pp | 69.3%+28.5pp |
| Annual return | 14.68% | 38.53%-23.8pp | 30.69%-16.0pp | 318.53%-303.8pp |
| Employer contribution / active EE | $7,406 | $3,698+100.3% | $4,384+68.9% | $2,565+188.7% |
| Participant deferral / active EE | $11,317 | $4,942+129.0% | $6,111+85.2% | $3,952+186.4% |
| Admin fee / account holder | $379 | $7,493-94.9% | $7,226-94.8% | $6,260-93.9% |