Filed January 15, 2020 (most recent of 2 filings on file)
Total covered: 10 employees
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| Provider | Service type | Compensation |
|---|---|---|
STRATEGIC ADVISORS, INC.2+ years Filed as: STRATEGIC INVESTMENT ADVISORS Service code 26 1100 E. MAIN CROSS, STE. 202 · FINDLAY, OH 45840 | Advisory (Participants) | $8,854 |
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $5,288 |
Employer 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.
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 | $16,282 | $60,165-72.9% | $74,184-78.1% | $55,167-70.5% |
| Participation rate | 99.4% | 74.2%+25.2pp | 76.6%+22.7pp | 69.0%+30.4pp |
| Annual return | 7.98% | 10.00%-2.0pp | 17.74%-9.8pp | 169.23%-161.2pp |
| Employer contribution / active EE | $370 | $1,600-76.9% | $2,370-84.4% | $1,963-81.1% |
| Participant deferral / active EE | $1,682 | $2,973-43.4% | $3,550-52.6% | $3,054-44.9% |
| Admin fee / account holder | $74 | $419-82.3% | $5,586-98.7% | $504-85.3% |