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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $38,986 |
HAYNIE & COMPANY1 year Service code 22 50 WEST BROADWAY, SUITE 600 · SALT LAKE CITY, UT 84101 | Insurance Broker | $20,652 |
CAPITAL MANAGEMENT2+ years Filed as: LUNT CAPITAL MANAGEMENT Service code 27 · EIN 75-3093123 | Advisory (Plan) | $18,571 |
H J & ASSOCIATES2+ years Service code 10 · EIN 87-0651618 | Accounting | $10,306 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $21,785 | $71,802-69.7% | $133,975-83.7% | $57,658-62.2% |
| Participation rate | 45.8% | 85.5%-39.7pp | 87.1%-41.3pp | 70.2%-24.5pp |
| Annual return | 5.69% | 13.51%-7.8pp | 29.29%-23.6pp | 5.13%+0.6pp |
| Employer contribution / active EE | $1,260 | $3,161-60.2% | $5,211-75.8% | $1,974-36.2% |
| Participant deferral / active EE | $2,036 | $4,606-55.8% | $6,282-67.6% | $3,061-33.5% |
| Admin fee / account holder | $468 | $88+434.3% | $9,324-95.0% | $95+395.5% |