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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,827 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $263,288 | $99,016+165.9% | $93,789+180.7% | $66,914+293.5% |
| Participation rate | 89.1% | 82.1%+7.0pp | 81.0%+8.2pp | 69.8%+19.3pp |
| Annual return | -13.71% | -14.59%+0.9pp | -11.33%-2.4pp | 1.58%-15.3pp |
| Employer contribution / active EE | $7,181 | $4,769+50.6% | $4,323+66.1% | $2,544+182.3% |
| Participant deferral / active EE | $10,932 | $6,689+63.4% | $6,094+79.4% | $4,237+158.0% |
| Admin fee / account holder | $349 | $477-26.8% | $7,195-95.1% | $593-41.1% |