Filed February 1, 2013 (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.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $49,064 |
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 | $74,187 | $54,517+36.1% | $75,972-2.4% | $74,495-0.4% |
| Participation rate | 93.1% | 60.3%+32.7pp | 69.1%+24.0pp | 67.2%+25.9pp |
| Annual return | 16.02% | 31.82%-15.8pp | 359.55%-343.5pp | 1364.94%-1348.9pp |
| Employer contribution / active EE | $3,223 | $1,777+81.4% | $2,685+20.1% | $2,623+22.9% |
| Participant deferral / active EE | $5,312 | $3,066+73.3% | $4,255+24.8% | $4,346+22.2% |
| Admin fee / account holder | $321 | $2,229-85.6% | $6,467-95.0% | $1,942-83.5% |