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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1+ years Filed as: ALERUS REVENUE Service code 15 · EIN 45-6062081 | Recordkeeping | $15,429 |
THE ANGELL PENSION GROUP, INC.1+ years Service code 14 · EIN 04-2530412 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914 | Plan Administrator | $500 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $56,011 | $27,330+104.9% | $67,704-17.3% | $55,191+1.5% |
| Participation rate | 59.7% | 47.5%+12.1pp | 67.5%-7.9pp | 69.2%-9.5pp |
| Annual return | -1.29% | 8.81%-10.1pp | 25.41%-26.7pp | 10.78%-12.1pp |
| Employer contribution / active EE | $1,456 | $855+70.3% | $2,559-43.1% | $1,899-23.3% |
| Participant deferral / active EE | $3,421 | $1,709+100.2% | $3,585-4.6% | $3,046+12.3% |
| Admin fee / account holder | $118 | $109+7.6% | $4,255-97.2% | $91+29.5% |