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| Provider | Service type | Compensation |
|---|---|---|
Service code 27 · EIN 25-1881914 | Advisory (Plan) | $38,580 |
ALERUS FINANCIAL, N.A.2 years Service code 15 · EIN 45-6062081 | Recordkeeping | $19,114 |
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 | $83,399 | $58,895+41.6% | $178,503-53.3% | $73,497+13.5% |
| Participation rate | 95.3% | 66.2%+29.1pp | 81.9%+13.4pp | 70.7%+24.6pp |
| Annual return | 10.98% | 24.86%-13.9pp | 151.12%-140.1pp | 28.51%-17.5pp |
| Employer contribution / active EE | $3,389 | $2,236+51.6% | $5,011-32.4% | $2,270+49.3% |
| Participant deferral / active EE | $4,062 | $2,567+58.2% | $5,202-21.9% | $3,740+8.6% |
| Admin fee / account holder | $386 | $400-3.5% | $13,987-97.2% | $513-24.7% |