Filed January 15, 2020 (most recent of 2 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
STRAGEGIC FINANCIAL SERVICES1+ years Filed as: STRAGEGIC INVESTMENT ADVISORS Service code 26 110 E. MAIN CROSS, STE. 202 · FINDLAY, OH 45840 | Advisory (Participants) | $23,835 |
ALERUS FINANCIAL, N.A.1+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $14,278 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $136,142 | $56,197+142.3% | $67,652+101.2% | $59,633+128.3% |
| Participation rate | 96.5% | 71.5%+25.0pp | 75.7%+20.8pp | 68.7%+27.8pp |
| Annual return | -4.38% | 18508.10%-18512.5pp | 6625.40%-6629.8pp | 2041.45%-2045.8pp |
| Employer contribution / active EE | $14,648 | $1,615+807.2% | $2,266+546.6% | $2,203+565.0% |
| Participant deferral / active EE | $2,454 | $2,844-13.7% | $3,560-31.1% | $3,192-23.1% |
| Admin fee / account holder | $326 | $3,958-91.8% | $4,821-93.2% | $4,297-92.4% |