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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $101,578 |
ICAPITAL, LLC5 years Service code 26 · EIN 76-0708798 | Advisory (Participants) | $38,594 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $423,189 | $104,479+305.0% | $159,474+165.4% | $79,391+433.0% |
| Participation rate | 95.0% | 76.6%+18.4pp | 82.8%+12.2pp | 70.7%+24.3pp |
| Annual return | 12.44% | 67.98%-55.5pp | 263.68%-251.2pp | 116.88%-104.4pp |
| Employer contribution / active EE | $14,322 | $3,417+319.1% | $4,831+196.5% | $2,428+489.9% |
| Participant deferral / active EE | $14,237 | $6,468+120.1% | $7,353+93.6% | $4,046+251.9% |
| Admin fee / account holder | $1,001 | $711+40.8% | $10,802-90.7% | $627+59.8% |