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| Provider | Service type | Compensation |
|---|---|---|
Filed as: FRINGE BENEFITS DESIGN OF MN INC Service code 15 · EIN 41-1276678 7760 FRANCE AVE SO #810 · BLOOMINGTON, MN 55435 | Recordkeeping | $106,057 |
Service code 15 · EIN 16-1503696 | Recordkeeping | $33,789 |
MATRIX TRUST COMPANY3 years Filed as: MATRIX TRUST CO Service code 19 · EIN 75-3182674 | Securities Custodian | $18,348 |
REDHAWK WEALTH ADVISORS6 years Service code 27 · EIN 26-1948684 7400 METRO BLVD. #400 · MINNEAPOLIS, MN 55439 | Advisory (Plan) | $14,141 |
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 | $85,593 | $81,948+4.4% | $90,766-5.7% | $64,824+32.0% |
| Participation rate | 84.2% | 80.5%+3.8pp | 75.7%+8.5pp | 71.5%+12.8pp |
| Annual return | -15.89% | -12.53%-3.4pp | -12.16%-3.7pp | 32.84%-48.7pp |
| Employer contribution / active EE | $1,495 | $3,067-51.3% | $2,922-48.8% | $2,507-40.4% |
| Participant deferral / active EE | $5,981 | $4,844+23.5% | $4,565+31.0% | $4,311+38.7% |
| Admin fee / account holder | $263 | $157+67.5% | $8,446-96.9% | $188+40.1% |