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.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $5,871 |
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 | $33,890 | $43,504-22.1% | $68,793-50.7% | $56,287-39.8% |
| Participation rate | 57.6% | 67.8%-10.2pp | 72.2%-14.6pp | 69.9%-12.2pp |
| Annual return | -5.53% | -3.15%-2.4pp | -4.63%-0.9pp | -9.96%+4.4pp |
| Employer contribution / active EE | $219 | $1,525-85.7% | $2,625-91.7% | $2,111-89.6% |
| Participant deferral / active EE | $1,302 | $2,509-48.1% | $3,311-60.7% | $3,350-61.1% |
| Admin fee / account holder | $40 | $515-92.1% | $5,131-99.2% | $521-92.2% |