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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $210,716 |
HAYS COMPANIES10+ years Filed as: HAYS BENEFIT GROUP Service code 33 · EIN 41-1784898 | Securities brokerage | $61,863 |
CLIFTONLARSONALLEN LLP9 years Filed as: CLIFTONLARSONALLEN, LLP Service code 10 · EIN 41-0746749 | Accounting | $22,800 |
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.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,847 | $58,644-4.8% | $178,540-68.7% | $199,960-72.1% |
| Participation rate | 95.7% | 65.5%+30.2pp | 77.1%+18.6pp | 72.0%+23.7pp |
| Annual return | 11.41% | 19.25%-7.8pp | 27.15%-15.7pp | 34.28%-22.9pp |
| Employer contribution / active EE | $1,251 | $1,801-30.6% | $3,953-68.4% | $3,036-58.8% |
| Participant deferral / active EE | $4,432 | $4,248+4.3% | $6,281-29.4% | $5,087-12.9% |
| Admin fee / account holder | $320 | $145+119.9% | $10,424-96.9% | $269+18.7% |