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| Provider | Service type | Compensation |
|---|---|---|
ICAPITAL, LLC2 years Service code 26 · EIN 76-0708798 | Advisory (Participants) | $69,708 |
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $32,929 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Assets per participant exceed $250,000 - top-decile high-value plan.
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 | $259,153 | $77,817+233.0% | $123,553+109.8% | $64,173+303.8% |
| Participation rate | 100.0% | 74.7%+25.3pp | 82.3%+17.7pp | 69.6%+30.4pp |
| Annual return | -6.64% | 12.49%-19.1pp | 119.21%-125.8pp | 7.63%-14.3pp |
| Employer contribution / active EE | $13,586 | $3,014+350.7% | $4,628+193.5% | $2,381+470.6% |
| Participant deferral / active EE | $12,482 | $5,240+138.2% | $6,426+94.3% | $3,470+259.8% |
| Admin fee / account holder | $790 | $5,519-85.7% | $9,284-91.5% | $4,887-83.8% |