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| Provider | Service type | Compensation |
|---|---|---|
ICAPITAL, LLC3 years Service code 26 · EIN 76-0708798 | Advisory (Participants) | $71,394 |
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081 | Recordkeeping | $36,416 |
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 | $322,463 | $89,652+259.7% | $141,197+128.4% | $65,186+394.7% |
| Participation rate | 98.2% | 74.7%+23.5pp | 82.5%+15.7pp | 70.2%+28.0pp |
| Annual return | 22.61% | 32.79%-10.2pp | 71.41%-48.8pp | 29.39%-6.8pp |
| Employer contribution / active EE | $12,312 | $3,065+301.7% | $4,736+159.9% | $2,177+465.6% |
| Participant deferral / active EE | $11,959 | $5,691+110.1% | $6,710+78.2% | $3,514+240.3% |
| Admin fee / account holder | $799 | $569+40.5% | $10,265-92.2% | $847-5.7% |