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| Provider | Service type | Compensation |
|---|---|---|
Filed as: BREMER TRUST, N.A. Service code 21 · EIN 41-1565461 P.O. BOX 986 · ST. CLOUD, MN 56301 | Bank Trustee | $6,350 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $950 |
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.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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 | $9,605 | $52,639-81.8% | $185,117-94.8% | $62,293-84.6% |
| Participation rate | 23.8% | 63.9%-40.1pp | 77.3%-53.5pp | 69.5%-45.7pp |
| Annual return | 22.28% | 19.57%+2.7pp | 40.50%-18.2pp | 28.90%-6.6pp |
| Employer contribution / active EE | $331 | $1,483-77.7% | $4,182-92.1% | $2,042-83.8% |
| Participant deferral / active EE | $696 | $3,097-77.5% | $5,045-86.2% | $3,169-78.0% |
| Admin fee / account holder | $107 | $374-71.3% | $8,159-98.7% | $479-77.6% |