Filed October 16, 1995
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.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $4,699 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer 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 | $31,403 | $43,550-27.9% | $63,517-50.6% | $52,331-40.0% |
| Participation rate | 57.8% | 65.7%-7.9pp | 71.0%-13.2pp | 68.1%-10.3pp |
| Annual return | 0.55% | 2.03%-1.5pp | -70.30%+70.8pp | 4.54%-4.0pp |
| Employer contribution / active EE | $157 | $1,351-88.4% | $2,322-93.2% | $1,882-91.6% |
| Participant deferral / active EE | $1,237 | $2,254-45.1% | $2,953-58.1% | $3,022-59.1% |
| Admin fee / account holder | $34 | $387-91.1% | $5,892-99.4% | $592-94.2% |