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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.7+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $75,472 |
EVERHART ADVISORS7+ years Filed as: EVERHART FINANCIAL GROUP, INC. Service code 27 5890 VENTURE DRIVE D · DUBLIN, OH 43017 | Advisory (Plan) | $9,126 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $69,040 | $84,936-18.7% | $111,308-38.0% | $79,391-13.0% |
| Participation rate | 92.8% | 75.9%+16.9pp | 77.3%+15.4pp | 70.7%+22.0pp |
| Annual return | 15.61% | 17.45%-1.8pp | 54.67%-39.1pp | 116.88%-101.3pp |
| Employer contribution / active EE | $3,475 | $1,979+75.6% | $2,732+27.2% | $2,428+43.1% |
| Participant deferral / active EE | $4,409 | $3,888+13.4% | $4,487-1.8% | $4,046+9.0% |
| Admin fee / account holder | $319 | $537-40.6% | $7,965-96.0% | $627-49.0% |