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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $29,132 |
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 | $58,246 | $28,416+105.0% | $73,545-20.8% | $69,631-16.4% |
| Participation rate | 18.4% | 38.3%-19.9pp | 54.9%-36.5pp | 70.7%-52.3pp |
| Annual return | 14.55% | -694.13%+708.7pp | -15.16%+29.7pp | 27571.02%-27556.5pp |
| Employer contribution / active EE | $311 | $430-27.8% | $1,219-74.5% | $2,032-84.7% |
| Participant deferral / active EE | $736 | $897-17.9% | $1,806-59.2% | $3,224-77.2% |
| Admin fee / account holder | $160 | $104+53.4% | $2,320-93.1% | $110+44.9% |