Filed February 5, 2012
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.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $158,977 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $124,933 | $50,815+145.9% | $155,509-19.7% | $77,643+60.9% |
| Participation rate | 98.1% | 63.1%+35.0pp | 78.2%+19.9pp | 70.6%+27.5pp |
| Annual return | 14.44% | 34.80%-20.4pp | 64.67%-50.2pp | 31.24%-16.8pp |
| Employer contribution / active EE | $5,889 | $1,993+195.5% | $4,672+26.0% | $2,726+116.1% |
| Participant deferral / active EE | $6,526 | $2,822+131.3% | $5,626+16.0% | $4,647+40.4% |
| Admin fee / account holder | $356 | $437-18.6% | $15,912-97.8% | $430-17.4% |