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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.9+ years Filed as: ALERUS REVENUE Service code 15 · EIN 45-6062081 | Recordkeeping | $136,531 |
Service code 10 123 SOUTH MAIN STREET · NEWTOWN, CT 06470 | Accounting | $11,000 |
THE ANGELL PENSION GROUP, INC.9+ years Service code 99 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914 | Other Fees | $8,000 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $107,774 | $40,435+166.5% | $80,648+33.6% | $74,473+44.7% |
| Participation rate | 56.1% | 47.4%+8.7pp | 67.0%-10.9pp | 70.7%-14.6pp |
| Annual return | 17.02% | 165.22%-148.2pp | 937.21%-920.2pp | 34.36%-17.3pp |
| Employer contribution / active EE | $2,188 | $1,498+46.1% | $2,724-19.7% | $2,638-17.1% |
| Participant deferral / active EE | $5,069 | $2,673+89.7% | $4,443+14.1% | $4,530+11.9% |
| Admin fee / account holder | $406 | $721-43.7% | $5,382-92.5% | $347+16.9% |