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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $12,273 |
Filed as: INTELLICENTS INC Service code 26 · EIN 41-1471080 | Advisory (Participants) | $4,135 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $25,522 | $64,909-60.7% | $82,312-69.0% | $62,293-59.0% |
| Participation rate | 54.2% | 74.9%-20.6pp | 76.9%-22.6pp | 69.5%-15.3pp |
| Annual return | 15.53% | 21.18%-5.7pp | 25.88%-10.4pp | 28.90%-13.4pp |
| Employer contribution / active EE | $463 | $1,676-72.4% | $2,428-80.9% | $2,042-77.3% |
| Participant deferral / active EE | $1,073 | $3,103-65.4% | $3,706-71.0% | $3,169-66.1% |
| Admin fee / account holder | $155 | $440-64.8% | $5,608-97.2% | $479-67.7% |