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| Provider | Service type | Compensation |
|---|---|---|
NICOLET NATIONAL BANK4 years Service code 26 · EIN 39-1990426 | Advisory (Participants) | $21,483 |
ALERUS FINANCIAL, N.A.5+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $9,882 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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 | $52,329 | $72,486-27.8% | $87,103-39.9% | $72,976-28.3% |
| Participation rate | 76.0% | 72.8%+3.2pp | 76.9%-0.8pp | 69.5%+6.6pp |
| Annual return | 21.97% | 24.46%-2.5pp | 28.19%-6.2pp | 81.02%-59.0pp |
| Employer contribution / active EE | $1,772 | $1,894-6.4% | $2,521-29.7% | $2,440-27.4% |
| Participant deferral / active EE | $3,448 | $3,270+5.4% | $4,049-14.8% | $3,608-4.4% |
| Admin fee / account holder | $341 | $5,055-93.3% | $7,491-95.5% | $5,124-93.4% |