Filed January 8, 2021
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| Provider | Service type | Compensation |
|---|---|---|
MIDWEST CAPITAL ADVISORS, LLC5+ years Service code 27 · EIN 11-3673048 | Advisory (Plan) | $47,082 |
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $21,642 |
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $108,421 | $66,601+62.8% | $92,893+16.7% | $67,579+60.4% |
| Participation rate | 99.1% | 72.5%+26.6pp | 76.0%+23.1pp | 71.3%+27.9pp |
| Annual return | 24.40% | 92.58%-68.2pp | 109.41%-85.0pp | 378.56%-354.2pp |
| Employer contribution / active EE | $4,960 | $2,775+78.7% | $3,653+35.8% | $2,148+130.9% |
| Participant deferral / active EE | $6,580 | $3,157+108.4% | $4,236+55.3% | $3,539+85.9% |
| Admin fee / account holder | $178 | $199-10.5% | $5,794-96.9% | $142+25.1% |