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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 | $101,539-78.9% | $147,041-85.4% | $74,400-71.2% |
| Participation rate | 85.8% | 75.5%+10.3pp | 82.2%+3.7pp | 67.2%+18.6pp |
| Annual return | 18.16% | 8740.84%-8722.7pp | 419.21%-401.1pp | 1367.51%-1349.4pp |
| Employer contribution / active EE | $3,174 | $3,811-16.7% | $4,935-35.7% | $2,624+20.9% |
| Participant deferral / active EE | $6,020 | $7,304-17.6% | $8,071-25.4% | $4,348+38.5% |
| Admin fee / account holder | $158 | $1,749-90.9% | $13,006-98.8% | $1,944-91.9% |