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| Provider | Service type | Compensation |
|---|---|---|
ICAPITAL, LLC6 years Service code 26 · EIN 76-0708798 | Advisory (Participants) | $100,269 |
ALERUS FINANCIAL, N.A.6 years Service code 15 · EIN 45-6062081 | Recordkeeping | $14,485 |
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $296,088 | $84,499+250.4% | $125,391+136.1% | $66,949+342.3% |
| Participation rate | 100.0% | 76.4%+23.6pp | 82.4%+17.6pp | 69.8%+30.2pp |
| Annual return | -17.05% | -8.49%-8.6pp | 572.41%-589.5pp | 1.57%-18.6pp |
| Employer contribution / active EE | $14,031 | $3,554+294.8% | $4,816+191.4% | $2,545+451.2% |
| Participant deferral / active EE | $13,687 | $6,785+101.7% | $7,448+83.8% | $4,239+222.9% |
| Admin fee / account holder | $679 | $685-0.9% | $10,009-93.2% | $594+14.4% |