Filed August 14, 2009
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 year Service code 15 · EIN 45-6062081 | Recordkeeping | $15,412 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $75,266 | $52,293+43.9% | $178,490-57.8% | $73,409+2.5% |
| Participation rate | 50.1% | 65.3%-15.2pp | 81.9%-31.8pp | 72.2%-22.1pp |
| Annual return | 12.47% | 34.75%-22.3pp | 151.07%-138.6pp | 59.29%-46.8pp |
| Employer contribution / active EE | $1,100 | $1,735-36.6% | $5,011-78.0% | $2,234-50.8% |
| Participant deferral / active EE | $2,588 | $2,332+10.9% | $5,202-50.3% | $3,805-32.0% |
| Admin fee / account holder | $48 | $127-62.3% | $13,984-99.7% | $158-69.6% |