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| Provider | Service type | Compensation |
|---|---|---|
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081 | Recordkeeping | $513 |
Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $400 |
Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $223 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Employer contribution per participant is in the bottom quintile of the peer cohort.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
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 | $46,987 | $45,825+2.5% | $90,657-48.2% | $56,289-16.5% |
| Participation rate | 52.4% | 66.7%-14.3pp | 74.0%-21.6pp | 69.9%-17.5pp |
| Annual return | -4.42% | 38.64%-43.1pp | 1.89%-6.3pp | -9.96%+5.5pp |
| Employer contribution / active EE | $93 | $1,372-93.2% | $2,532-96.3% | $2,111-95.6% |
| Participant deferral / active EE | $1,314 | $2,562-48.7% | $3,424-61.6% | $3,350-60.8% |
| Admin fee / account holder | $14 | $413-96.7% | $4,994-99.7% | $521-97.4% |