Filed October 4, 2006
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.1 year Filed as: ALERUS FINANICAL, N.A. Service code 15 · EIN 45-6062081 | Recordkeeping | $6,913 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,797 | $54,045-44.9% | $115,157-74.1% | $65,185-54.3% |
| Participation rate | 75.5% | 63.5%+12.0pp | 75.9%-0.4pp | 70.2%+5.3pp |
| Annual return | 159.23% | 26.55%+132.7pp | 35.60%+123.6pp | 29.38%+129.8pp |
| Employer contribution / active EE | $391 | $1,653-76.3% | $3,179-87.7% | $2,177-82.0% |
| Participant deferral / active EE | $1,844 | $2,504-26.4% | $4,168-55.8% | $3,514-47.5% |
| Admin fee / account holder | $99 | $626-84.1% | $7,088-98.6% | $847-88.3% |