Filed October 24, 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+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $24,890 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $47,502 | $22,714+109.1% | $59,496-20.2% | $55,191-13.9% |
| Participation rate | 17.8% | 37.5%-19.7pp | 54.6%-36.8pp | 69.2%-51.4pp |
| Annual return | -0.45% | -44.01%+43.6pp | 182.05%-182.5pp | 10.78%-11.2pp |
| Employer contribution / active EE | $283 | $418-32.2% | $1,153-75.4% | $1,899-85.1% |
| Participant deferral / active EE | $671 | $843-20.4% | $1,829-63.3% | $3,046-78.0% |
| Admin fee / account holder | $152 | $83+82.1% | $2,232-93.2% | $91+67.2% |