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| Provider | Service type | Compensation |
|---|---|---|
NICOLET NATIONAL BANK5 years Service code 26 · EIN 39-1990426 | Advisory (Participants) | $22,674 |
ALERUS FINANCIAL, N.A.6+ years Service code 15 · EIN 45-6062081 | Recordkeeping | $7,925 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
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 | $56,843 | $73,638-22.8% | $95,964-40.8% | $73,497-22.7% |
| Participation rate | 75.9% | 76.2%-0.2pp | 77.1%-1.2pp | 70.7%+5.2pp |
| Annual return | 16.18% | 16.78%-0.6pp | 91.64%-75.5pp | 28.51%-12.3pp |
| Employer contribution / active EE | $1,519 | $1,863-18.5% | $2,541-40.2% | $2,270-33.1% |
| Participant deferral / active EE | $2,812 | $3,617-22.2% | $4,167-32.5% | $3,740-24.8% |
| Admin fee / account holder | $303 | $482-37.2% | $6,797-95.5% | $513-41.0% |