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| Provider | Service type | Compensation |
|---|---|---|
COLLINGWOOD GROUP1 year Service code 26 · EIN 88-2134348 | Advisory (Participants) | $16,164 |
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $9,803 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $21,410 | $101,672-78.9% | $147,117-85.4% | $74,478-71.3% |
| Participation rate | 85.8% | 75.5%+10.3pp | 82.2%+3.7pp | 67.2%+18.6pp |
| Annual return | 18.16% | 8757.83%-8739.7pp | 420.54%-402.4pp | 1370.56%-1352.4pp |
| Employer contribution / active EE | $3,174 | $3,813-16.8% | $4,932-35.7% | $2,626+20.8% |
| Participant deferral / active EE | $6,020 | $7,305-17.6% | $8,065-25.3% | $4,350+38.4% |
| Admin fee / account holder | $158 | $1,753-91.0% | $12,993-98.8% | $1,946-91.9% |