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.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $5,117 |
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 | $34,679 | $50,385-31.2% | $75,670-54.2% | $62,292-44.3% |
| Participation rate | 59.8% | 67.7%-7.9pp | 72.3%-12.5pp | 69.5%-9.7pp |
| Annual return | 15.21% | 19.90%-4.7pp | 27.34%-12.1pp | 28.90%-13.7pp |
| Employer contribution / active EE | $204 | $1,537-86.7% | $2,352-91.3% | $2,042-90.0% |
| Participant deferral / active EE | $1,362 | $2,445-44.3% | $3,142-56.7% | $3,169-57.0% |
| Admin fee / account holder | $36 | $384-90.7% | $5,800-99.4% | $479-92.6% |