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.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $12,555 |
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 | $34,096 | $50,666-32.7% | $76,817-55.6% | $65,185-47.7% |
| Participation rate | 55.0% | 68.8%-13.8pp | 72.1%-17.0pp | 70.2%-15.2pp |
| Annual return | 18.74% | 28.51%-9.8pp | 1166.11%-1147.4pp | 29.38%-10.6pp |
| Employer contribution / active EE | $227 | $1,575-85.6% | $2,302-90.2% | $2,177-89.6% |
| Participant deferral / active EE | $1,243 | $2,647-53.0% | $3,336-62.7% | $3,514-64.6% |
| Admin fee / account holder | $92 | $463-80.2% | $6,420-98.6% | $847-89.2% |