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.9+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $46,313 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $283,402 | $101,955+178.0% | $112,887+151.0% | $71,457+296.6% |
| Participation rate | 100.0% | 82.1%+17.9pp | 80.5%+19.5pp | 67.9%+32.1pp |
| Annual return | 14.15% | 28.92%-14.8pp | 34.10%-19.9pp | 28.85%-14.7pp |
| Employer contribution / active EE | $7,247 | $4,743+52.8% | $4,563+58.8% | $2,588+180.1% |
| Participant deferral / active EE | $10,825 | $6,771+59.9% | $6,513+66.2% | $4,289+152.4% |
| Admin fee / account holder | $359 | $1,395-74.3% | $7,047-94.9% | $1,587-77.4% |