Filed July 31, 2020
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Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.
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Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.
| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $377,935 |
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL LLC Service code 18 · EIN 45-2992935 | Custodial (other than securities); Di... | $33,416 |
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $32,302 | $74,188-56.5% | $115,756-72.1% | $64,808-50.2% |
| Participation rate | 96.2% | 76.2%+20.0pp | 77.1%+19.1pp | 71.5%+24.7pp |
| Annual return | -14.95% | -11.81%-3.1pp | 143.14%-158.1pp | 32.82%-47.8pp |
| Employer contribution / active EE | $3,626 | $3,365+7.8% | $3,793-4.4% | $2,506+44.7% |
| Participant deferral / active EE | $5,368 | $5,294+1.4% | $6,254-14.2% | $4,310+24.5% |
| Admin fee / account holder | $121 | $148-18.1% | $8,124-98.5% | $188-35.3% |