Filed May 23, 2006 (most recent of 2 filings on file)
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 | $237,207 |
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 | $151,825 | $89,904+68.9% | $453,369-66.5% | $86,799+74.9% |
| Participation rate | 96.6% | 75.7%+20.9pp | 78.0%+18.6pp | 72.3%+24.3pp |
| Annual return | 15.72% | 19.72%-4.0pp | 64.40%-48.7pp | 97.91%-82.2pp |
| Employer contribution / active EE | $5,075 | $3,279+54.8% | $4,070+24.7% | $2,405+111.0% |
| Participant deferral / active EE | $4,361 | $5,114-14.7% | $6,209-29.8% | $4,131+5.6% |
| Admin fee / account holder | $358 | $156+130.1% | $11,209-96.8% | $170+111.3% |