Filed April 18, 2017 (most recent of 2 filings on file)
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 Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-0140105 2300 S COLUMBIA ROAD · GRAND FORKS, ND 58201 | Recordkeeping | $25,831 |
Plan reported corrective distributions (failed ADP/ACP testing).
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $38,530 | $34,934+10.3% | $56,411-31.7% | $74,495-48.3% |
| Participation rate | 94.6% | 32.8%+61.7pp | 52.5%+42.1pp | 67.2%+27.4pp |
| Annual return | 14.70% | 25.94%-11.2pp | 1701.33%-1686.6pp | 1364.94%-1350.2pp |
| Employer contribution / active EE | $1,637 | $609+168.8% | $1,039+57.6% | $2,623-37.6% |
| Participant deferral / active EE | $3,287 | $1,170+180.9% | $1,952+68.4% | $4,346-24.4% |
| Admin fee / account holder | $111 | $2,364-95.3% | $2,829-96.1% | $1,942-94.3% |