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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.3+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $20,979 |
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745 | Recordkeeping | $1,398 |
ADP BROKER-DEALER1 year Service code 59 · EIN 22-3319984 | Shareholder Servicing | $0 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $86,802 | $73,638+17.9% | $95,964-9.5% | $73,497+18.1% |
| Participation rate | 69.9% | 76.2%-6.3pp | 77.1%-7.2pp | 70.7%-0.8pp |
| Annual return | 18.56% | 16.78%+1.8pp | 91.64%-73.1pp | 28.51%-10.0pp |
| Employer contribution / active EE | $861 | $1,863-53.8% | $2,541-66.1% | $2,270-62.1% |
| Participant deferral / active EE | $4,266 | $3,617+17.9% | $4,167+2.4% | $3,740+14.1% |
| Admin fee / account holder | $138 | $482-71.3% | $6,797-98.0% | $513-73.1% |