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.8+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $48,027 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $66,434 | $73,004-9.0% | $90,749-26.8% | $68,494-3.0% |
| Participation rate | 29.0% | 70.8%-41.8pp | 75.7%-46.7pp | 67.9%-38.9pp |
| Annual return | -12.07% | -13.81%+1.7pp | -12.16%+0.1pp | -7.84%-4.2pp |
| Employer contribution / active EE | $11,452 | $2,193+422.2% | $2,921+292.1% | $2,596+341.1% |
| Participant deferral / active EE | $14,596 | $3,627+302.5% | $4,564+219.8% | $4,027+262.4% |
| Admin fee / account holder | $425 | $5,896-92.8% | $8,445-95.0% | $5,403-92.1% |