Filed September 29, 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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $5,880 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
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 | $52,801 | $65,223-19.0% | $80,019-34.0% | $55,725-5.2% |
| Participation rate | 49.0% | 80.6%-31.5pp | 75.8%-26.8pp | 70.9%-21.8pp |
| Annual return | -3.34% | 7.59%-10.9pp | 11.22%-14.6pp | 244.93%-248.3pp |
| Employer contribution / active EE | $1,049 | $2,544-58.8% | $2,468-57.5% | $2,078-49.5% |
| Participant deferral / active EE | $1,729 | $3,881-55.4% | $3,686-53.1% | $3,356-48.5% |
| Admin fee / account holder | $18 | $114-84.3% | $6,521-99.7% | $115-84.4% |