Filed November 19, 2005
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.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $86,897 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
The auditor signed off without reservation. This is the cleanest opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $67,242 | $50,815+32.3% | $155,509-56.8% | $77,643-13.4% |
| Participation rate | 54.4% | 63.1%-8.7pp | 78.2%-23.8pp | 70.6%-16.2pp |
| Annual return | 13.31% | 34.80%-21.5pp | 64.67%-51.4pp | 31.24%-17.9pp |
| Employer contribution / active EE | $1,495 | $1,993-25.0% | $4,672-68.0% | $2,726-45.1% |
| Participant deferral / active EE | $2,680 | $2,822-5.0% | $5,626-52.4% | $4,647-42.3% |
| Admin fee / account holder | $220 | $437-49.6% | $15,912-98.6% | $430-48.9% |