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.4+ years Filed as: STRATEGIC INVESTMENT ADVISORS Service code 26 | Advisory (Participants) | $9,407 |
ALERUS FINANCIAL, N.A.4+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $6,931 |
Service code 13 · EIN 42-0127290 | Contract Administrator | $1,847 |
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 | $19,204 | $59,191-67.6% | $76,767-75.0% | $56,289-65.9% |
| Participation rate | 79.3% | 75.2%+4.1pp | 77.0%+2.3pp | 69.9%+9.5pp |
| Annual return | 0.28% | 6.62%-6.3pp | 2.43%-2.1pp | -9.96%+10.2pp |
| Employer contribution / active EE | $364 | $1,759-79.3% | $2,485-85.3% | $2,111-82.7% |
| Participant deferral / active EE | $1,817 | $3,255-44.2% | $3,852-52.8% | $3,350-45.8% |
| Admin fee / account holder | $100 | $489-79.5% | $6,675-98.5% | $521-80.7% |