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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $12,433 |
FUTURE BRIGHT LLC1 year Filed as: FUTURE BRINGS LLC Service code 26 · EIN 46-4610202 | Advisory (Participants) | $9,104 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 | $17,756 | $23,385-24.1% | $69,182-74.3% | $57,658-69.2% |
| Participation rate | 10.9% | 37.9%-27.0pp | 55.1%-44.2pp | 70.2%-59.3pp |
| Annual return | 18.45% | -659.34%+677.8pp | -21.93%+40.4pp | 5.13%+13.3pp |
| Employer contribution / active EE | $177 | $422-58.1% | $1,206-85.3% | $1,974-91.0% |
| Participant deferral / active EE | $358 | $843-57.5% | $1,897-81.1% | $3,061-88.3% |
| Admin fee / account holder | $170 | $82+107.1% | $2,697-93.7% | $95+79.9% |