Filed November 17, 2008
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.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $9,703 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $31,013 | $58,101-46.6% | $118,925-73.9% | $73,409-57.8% |
| Participation rate | 41.6% | 56.1%-14.6pp | 75.4%-33.8pp | 72.2%-30.6pp |
| Annual return | 15.61% | 20.56%-4.9pp | 35.88%-20.3pp | 59.29%-43.7pp |
| Employer contribution / active EE | $0 | $1,445-100.0% | $3,263-100.0% | $2,234-100.0% |
| Participant deferral / active EE | $1,204 | $2,400-49.8% | $4,265-71.8% | $3,805-68.4% |
| Admin fee / account holder | $56 | $138-59.6% | $6,581-99.2% | $158-64.7% |