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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $220,113 |
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 | $108,791 | $74,188+46.6% | $115,756-6.0% | $64,808+67.9% |
| Participation rate | 96.7% | 76.2%+20.5pp | 77.1%+19.6pp | 71.5%+25.2pp |
| Annual return | -17.16% | -11.81%-5.4pp | 143.14%-160.3pp | 32.82%-50.0pp |
| Employer contribution / active EE | $5,251 | $3,365+56.1% | $3,793+38.5% | $2,506+109.6% |
| Participant deferral / active EE | $4,267 | $5,294-19.4% | $6,254-31.8% | $4,310-1.0% |
| Admin fee / account holder | $321 | $148+116.3% | $8,124-96.1% | $188+70.9% |