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| Provider | Service type | Compensation |
|---|---|---|
ICAPITAL, LLC7 years Service code 26 · EIN 76-0708798 | Advisory (Participants) | $90,051 |
ALERUS FINANCIAL, N.A.7 years Service code 15 · EIN 45-6062081 | Recordkeeping | $26,093 |
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 | $343,200 | $91,474+275.2% | $135,982+152.4% | $71,529+379.8% |
| Participation rate | 100.0% | 75.7%+24.3pp | 81.9%+18.1pp | 67.9%+32.1pp |
| Annual return | 15.77% | 29.89%-14.1pp | 68.32%-52.6pp | 28.97%-13.2pp |
| Employer contribution / active EE | $15,422 | $3,705+316.2% | $4,859+217.4% | $2,590+495.5% |
| Participant deferral / active EE | $14,739 | $7,095+107.7% | $7,760+89.9% | $4,291+243.5% |
| Admin fee / account holder | $667 | $1,267-47.3% | $10,767-93.8% | $1,588-58.0% |