Filed January 19, 2006 (most recent of 3 filings on file)
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.4+ years Filed as: ALERUS FINANCIAL Service code 15 · EIN 45-6062081 | Recordkeeping | $29,169 |
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $16,787 | $37,196-54.9% | $154,107-89.1% | $55,725-69.9% |
| Participation rate | 91.1% | 64.1%+27.0pp | 83.0%+8.0pp | 70.9%+20.2pp |
| Annual return | -6.61% | 1319.68%-1326.3pp | 735.12%-741.7pp | 244.93%-251.5pp |
| Employer contribution / active EE | $515 | $1,614-68.1% | $5,298-90.3% | $2,078-75.2% |
| Participant deferral / active EE | $1,690 | $2,068-18.3% | $5,081-66.7% | $3,356-49.6% |
| Admin fee / account holder | $22 | $102-78.5% | $13,411-99.8% | $115-81.0% |