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| Provider | Service type | Compensation |
|---|---|---|
FUTURE BRIGHT LLC2 years Service code 26 · EIN 46-4610202 | Advisory (Participants) | $48,777 |
ALERUS FINANCIAL, N.A.5 years Service code 15 · EIN 45-6062081 | Recordkeeping | $32,869 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $15,647 | $29,516-47.0% | $77,513-79.8% | $90,274-82.7% |
| Participation rate | 28.5% | 33.7%-5.1pp | 54.2%-25.7pp | 73.4%-44.8pp |
| Annual return | 23.78% | 231.18%-207.4pp | 54.81%-31.0pp | 53.97%-30.2pp |
| Employer contribution / active EE | $1,343 | $381+252.8% | $987+36.1% | $2,523-46.8% |
| Participant deferral / active EE | $472 | $944-50.0% | $1,861-74.7% | $4,231-88.9% |
| Admin fee / account holder | $155 | $106+46.1% | $2,859-94.6% | $114+35.6% |