Filed August 14, 2009
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 Filed as: ALERUS RETIREMENT SOLUTIONS Service code 15 · EIN 45-0140105 2300 S COLUMBIA RD · GRAND FORKS, ND 58211 | Recordkeeping | $10,954 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $30,067 | $48,335-37.8% | $121,098-75.2% | $71,457-57.9% |
| Participation rate | 56.1% | 54.3%+1.9pp | 69.5%-13.3pp | 67.9%-11.8pp |
| Annual return | 19.32% | 23.32%-4.0pp | 985.75%-966.4pp | 28.85%-9.5pp |
| Employer contribution / active EE | $448 | $1,489-69.9% | $4,164-89.2% | $2,588-82.7% |
| Participant deferral / active EE | $1,349 | $2,754-51.0% | $4,080-66.9% | $4,289-68.5% |
| Admin fee / account holder | $74 | $1,841-96.0% | $5,644-98.7% | $1,587-95.4% |