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| Provider | Service type | Compensation |
|---|---|---|
ICAPITAL, LLC9 years Service code 26 · EIN 76-0708798 | Advisory (Participants) | $108,778 |
ALERUS FINANCIAL, N.A.9 years Service code 15 · EIN 45-6062081 | Recordkeeping | $17,319 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Assets per participant exceed $250,000 - top-decile high-value plan.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $428,914 | $88,360+385.4% | $145,433+194.9% | $67,986+530.9% |
| Participation rate | 100.0% | 65.5%+34.5pp | 82.1%+17.9pp | 57.2%+42.8pp |
| Annual return | 18.71% | 63.15%-44.4pp | 66.58%-47.9pp | 31.67%-13.0pp |
| Employer contribution / active EE | $16,822 | $3,054+450.8% | $4,554+269.3% | $2,019+733.3% |
| Participant deferral / active EE | $15,295 | $5,932+157.8% | $7,897+93.7% | $3,358+355.5% |
| Admin fee / account holder | $678 | $3,313-79.5% | $13,129-94.8% | $3,203-78.8% |